Mann Lawyers LLP’s Post

Canada's new emissions cap proposal for the oil and gas sector mandates a 35% reduction in greenhouse gases by 2030 through a national cap-and-trade system, introducing significant compliance requirements and legal implications for upstream oil and gas activities.

“Trust Us”, Pollution Pays — Oil & Gas executives argue that an emissions cap is unnecessary in testimony before a Canadian House of Commons committee — Of course they’d say this, eh? Sounds a lot like Boeing or Big Tobacco in the 1960s, Eh?⚠️⛔️💨⚠️ Globe & Mail - Emma Graney & Marieke Walsh: Oil & gas executives face questions about their profits and emissions plans at committee. Oil and gas executives face questions about their profits and emissions plans at committee
 
The chief executives of Canada’s largest oil companies argued against a federal emissions cap Thursday when they appeared before a fiery parliamentary committee to explain what the sector is doing to reduce its environmental footprint. 
The CEOs of Cenovus Energy Inc., Imperial Oil Ltd. & Suncor Energy Inc., the president & country chair of Shell Canada RYDAF, and Enbridge Inc.’s president of gas distribution all appeared via videoconference. Their testimony followed a request from the House of Commons environment and sustainable development committee, spearheaded by its NDP member Laurel Collins, to face questions about plans to reduce emissions, and why Canadians are paying so much for gas at the pump despite record industry profits. 
Suncor CEO Rich Kruger called the proposed federal emissions cap “unnecessary regulation,” but said he supports a price on carbon across Canada’s economy. 
“I believe that will drive the innovation, the economic incentives on all of our part to continue to improve our businesses,” he said. 
Cenovus CEO Jon McKenzie & Brad Corson, CEO of Imperial, agreed that a cap isn’t needed for the oil and gas sector, because significant regulatory incentives are already in place.

The U.S. is making strides with the EPA's latest announcement to reduce methane emissions from the oil and gas industry by imposing a Waste Emissions Charge on producers that exceed Congressionally set methane emission levels. This charge incentivises the adoption of technologies that prevent methane from entering the atmosphere, encouraging oil and gas companies to embrace advanced methane monitoring and other reduction methods. In Australia, the latest amendments to the National Greenhouse and Energy Reporting (NGER) Scheme have introduced Method 2B, which uses a mass balance approach to estimate methane and CO₂ emissions from flaring operations. Both these policy changes share a clear goal: reduce methane emissions "so that natural gas ultimately makes it to consumers as usable fuel instead of as a harmful greenhouse gas", as the U.S. Environmental Protection Agency announced. What do you think Australia should do more in this space? Share your thoughts with us! https://lnkd.in/gRhtK4cg #MethaneReduction #EnvironmentalRegulation #Australia #USA #NGER

Funding Announcement: The U.S. Department of Energy and the EPA announced $850 million in federal funding to reduce methane emissions from the oil and gas sectors. Methane Reduction: Methane is a potent greenhouse gas, and this funding aims to cut emissions significantly, supporting clean air and climate goals. Job Creation: The initiative will create good jobs, especially in disadvantaged communities, and support small oil and gas operators in adopting new technologies. Community Benefits: Applicants must show how their projects will benefit local communities, focusing on diversity, equity, and environmental justice

This is very interesting! The future of energy is not just about what we produce, but how we produce it! Last Friday, the U.S. Department of Energy (DOE) and the Environmental Protection Agency (EPA) announced $850 million in funding to reduce methane emissions! We already know that starting in 2026, companies will face penalties of $1,500 per ton of methane emissions! To put this into perspective, this equates to a $28-$31/MMBTU at the wellhead. The carrot and the stick cannot be more complementary: 1-     Leverage federal funding to offset initial investment costs to monitor, measure, and reduce methane emissions from the oil and gas sectors -->immediate operational improvements. 2-     Avoid hefty penalties --> reduce compliance costs. 3-     Gain a competitive edge with lower carbon intensity, meeting both domestic and international regulatory standards, such as the EU’s 2027 requirements. 4-     Potential for increased revenue through carbon credits and emissions trading. Let’s connect and discuss how we can turn regulatory challenges into strategic advantages! Elfije Lemaitre Manish Sharma Mark Viehman Lidia Ramirez Garcia Cano Michael Duffy Chad Klekar Miguel Sossa Andy Heppelle 🍁Natasha Dowling #Sustainability #MethaneReduction #EnergyInnovation #CleanEnergy #ClimateAction #FederalFunding #OilAndGas #RegulatoryCompliance #Innovation https://lnkd.in/gQgayePp

At Arolytics we're always trying to stay on top of the ever-evolving #methane landscape. In the past few weeks there have been notable updates in the oil and gas methane world, a few below: - On Nov 8th, the pre-publication version of the Final Rule for the #WEC was published, and will soon be published in the Federal Register. A series of workshops are set for Nov 25 and Dec 12 hosted by the US Environmental Protection Agency (EPA) to cover the final rule: https://lnkd.in/gHRKsHrT - Want to understand methane related updates from #COP29? Read this summary here on the #Global #Methane #Pledge: https://lnkd.in/gwtt7VJD -In Alberta, the Alberta Energy Regulator (AER) is requesting Feedback on Revisions to #Directive60 by Nov 24th: https://lnkd.in/gxXzq2Ur, with the draft PDF here: https://lnkd.in/gm6qjehk -Published Nov 15th, the #UNEP has released their 2024 report “An Eye on Methane”, which includes an analysis of methane data including that reported to International Methane Emissions Observatory - IMEO by #OGMP2.0 member companies. : https://lnkd.in/gi5vmcVw

The natural gas industry recognizes that abating methane emissions is critical to addressing the climate crisis – and a new study from the US Environmental Protection Agency (EPA) shows the industry is making impressive strides to accomplish this.   Between 2015-2022, as #NaturalGas production rose by 40%, methane emissions from gas extraction fell by 37%, and overall greenhouse gas emissions fell by 14%. Read more from Julian Spector at Canary Media Inc.:

𝐖𝐢𝐥𝐥 𝐧𝐚𝐯𝐢𝐠𝐚𝐭𝐢𝐧𝐠 #𝐂𝐚𝐧𝐚𝐝𝐚’𝐬 #𝐠𝐫𝐞𝐞𝐧𝐰𝐚𝐬𝐡𝐢𝐧𝐠 𝐦𝐢𝐧𝐞𝐟𝐢𝐞𝐥𝐝 𝐥𝐞𝐚𝐝 𝐭𝐨 𝐚 #𝐠𝐫𝐞𝐞𝐧𝐡𝐮𝐬𝐡𝐢𝐧𝐠 𝐠𝐚𝐠 𝐨𝐫𝐝𝐞𝐫 𝐨𝐧 #𝐨𝐢𝐥 & #𝐧𝐚𝐭𝐮𝐫𝐚𝐥𝐠𝐚𝐬 𝐩𝐥𝐚𝐲𝐞𝐫𝐬' #𝐜𝐥𝐢𝐦𝐚𝐭𝐞 𝐚𝐜𝐭𝐢𝐨𝐧 𝐨𝐫 𝐮𝐬𝐡𝐞𝐫 𝐢𝐧 𝐠𝐫𝐞𝐞𝐧 𝐭𝐫𝐮𝐬𝐭 𝐚𝐧𝐝 𝐚 #𝐜𝐥𝐢𝐦𝐚𝐭𝐞𝐦𝐢𝐭𝐢𝐠𝐚𝐭𝐢𝐨𝐧 𝐞𝐫𝐚, 𝐰𝐡𝐢𝐜𝐡 𝐰𝐢𝐥𝐥 𝐞𝐧𝐚𝐛𝐥𝐞 𝐭𝐡𝐞 𝐆𝐫𝐞𝐚𝐭 𝐖𝐡𝐢𝐭𝐞 𝐍𝐨𝐫𝐭𝐡 𝐭𝐨 𝐡𝐢𝐭 𝐢𝐭𝐬 #𝐝𝐞𝐜𝐚𝐫𝐛𝐨𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐠𝐨𝐚𝐥𝐬? 📢 Is there a place for #fossilfuels during the #energytransition journey, which Canada recently boosted with the #Cleantech #ITC tools to spur greater investments in #wind #energy, #solar power, and #energystorage industries? The country still intends to pursue #CCUS and #CCS but it is unclear what kind of impact the strengthening of #greenwashing laws will have on these #lowcarbon pursuits. Where does #oilandgas stand in this new #energyworld order? Navigating the fast-evolving energy landscape interspersed with sustainability and climate-related reporting pitfalls will be a tall order and nearly Sisyphean task for Canadian producers and developers unless clear guidelines and regulations are in place. Once ambiguity has been removed, Canada’s businesses will be in a position to speed up their #sustainability journey to hit climate and decarbonization milestones in time to reach #netzero aspirations. In the meantime, companies need to tackle greenwashing and greenhushing risks to set the ball rolling on the buildout of green trust and avoid litigation and scenarios that would lead to #monetarypenalties of up to $10 million and even $15 million for subsequent orders, or three times the benefit derived from the misrepresentation, failing that these fines can go up to 3% of the corporation’s annual global gross revenues. Best advice to avoid this worst-case scenario: “𝑩𝒖𝒔𝒊𝒏𝒆𝒔𝒔𝒆𝒔 𝒎𝒖𝒔𝒕 𝒊𝒎𝒎𝒆𝒅𝒊𝒂𝒕𝒆𝒍𝒚 𝒕𝒂𝒌𝒆 𝒔𝒕𝒐𝒄𝒌 𝒐𝒇 𝒕𝒉𝒆𝒊𝒓 𝒆𝒙𝒊𝒔𝒕𝒊𝒏𝒈 𝒂𝒏𝒅 𝒇𝒖𝒕𝒖𝒓𝒆 𝒑𝒖𝒃𝒍𝒊𝒄 𝒄𝒍𝒂𝒊𝒎𝒔 𝒂𝒏𝒅 𝒓𝒆𝒑𝒓𝒆𝒔𝒆𝒏𝒕𝒂𝒕𝒊𝒐𝒏𝒔 𝒂𝒃𝒐𝒖𝒕 𝒕𝒉𝒆 𝒔𝒖𝒔𝒕𝒂𝒊𝒏𝒂𝒃𝒊𝒍𝒊𝒕𝒚 𝒂𝒏𝒅 𝒊𝒎𝒑𝒂𝒄𝒕 𝒐𝒇 𝒕𝒉𝒆𝒊𝒓 𝒑𝒓𝒂𝒄𝒕𝒊𝒄𝒆𝒔, 𝒑𝒓𝒐𝒅𝒖𝒄𝒕𝒔 𝒂𝒏𝒅 𝒑𝒍𝒂𝒏𝒔 𝒘𝒊𝒕𝒉 𝒓𝒆𝒔𝒑𝒆𝒄𝒕 𝒕𝒐 𝒄𝒍𝒊𝒎𝒂𝒕𝒆 𝒄𝒉𝒂𝒏𝒈𝒆 𝒂𝒏𝒅 𝒐𝒕𝒉𝒆𝒓 𝒆𝒏𝒗𝒊𝒓𝒐𝒏𝒎𝒆𝒏𝒕𝒂𝒍 𝒎𝒂𝒕𝒕𝒆𝒓𝒔. 𝑻𝒉𝒊𝒔 𝒔𝒉𝒐𝒖𝒍𝒅 𝒊𝒏𝒗𝒐𝒍𝒗𝒆 𝒄𝒂𝒓𝒆𝒇𝒖𝒍 𝒓𝒆𝒗𝒊𝒆𝒘 𝒐𝒇 𝒉𝒐𝒘 𝒓𝒆𝒑𝒓𝒆𝒔𝒆𝒏𝒕𝒂𝒕𝒊𝒐𝒏𝒔 𝒂𝒓𝒆 𝒅𝒆𝒗𝒆𝒍𝒐𝒑𝒆𝒅, 𝒇𝒓𝒂𝒎𝒆𝒅, 𝒒𝒖𝒂𝒍𝒊𝒇𝒊𝒆𝒅 𝒂𝒏𝒅 𝒔𝒖𝒃𝒔𝒕𝒂𝒏𝒕𝒊𝒂𝒕𝒆𝒅.” ⚓ Full story 👇 #oilandgasnews #offshoreenergy #carboncapture #oilgas #LNG #emissionsreduction #greenenergy #climatechange #climate #renewables #renewableenergy #environment #cleantechnology Pathways Alliance Suncor

Good progress … U.S. greenhouse gas emissions rose 1.3% in 2022, reflecting post-COVID economic recovery, but declined 17% since 2005, according to the Environmental Protection Agency’s (EPA) Annual US Greenhouse Gas Inventory (GHG Inventory), released every April. The EPA’s neutral policy report has been released annually since its inception in 1993, in accordance with the Paris Agreement and the United Nations Framework Convention on Climate Change. Total gross U.S. emissions decreased by 3% from 1990 to 2022, down from a high of 15.2% above 1990 levels in 2007. From 2021 to 2022, gross emissions increased by 0.2%, while overall net emissions increased by 1.3% during that same time period.

🌍 Addressing the significant greenhouse gas emissions from Canada's oil and gas sector is crucial. This sector, being the largest emitter in the country, significantly contributes to climate change and its associated economic and environmental repercussions. The introduction of draft regulations to cap emissions, aiming for a 35% reduction below 2019 levels through a cap-and-trade system, reflects a strategic impetus to align with both national goals and global climate commitments. This approach not only mandates cleaner production but also presents opportunities for innovation and competitiveness in a transitioning global energy market. ❓ What strategies best support oil and gas companies in adapting to regulatory changes while maintaining growth? Leveraging cap-and-trade incentives could serve as a catalyst for cleaner technologies and practices, such as adopting carbon capture and storage. Engaging stakeholders through consultation and partnerships is vital, alongside actively reinvesting in clean tech, sustaining competitiveness, and fostering innovation. ⚙️ Employing these strategic measures alongside government-supported financial incentives can enhance capacity for adaptation, aligning industry goals with environmental responsibilities. This holistic approach ensures that companies not only comply but thrive through innovative advancements and market responsiveness, securing their position in the evolving energy sector. #ClimateInnovation #SustainableEnergy #OilAndGasTransition #CarbonCaptureSolutions #ValueInnovation §727 https://lnkd.in/d2AXE6E4