Download transition vegas pro 168/22/2023 ![]() But those nascent energy transition industries will require a significant build-out of new infrastructure. Its oil and gas industry, the country's highest-polluting sector, is counting on deploying carbon capture and storage (CCS) and cleaner fuels like hydrogen to reduce greenhouse gas emissions. "Policymakers are driving us towards significant emissions reduction by the end of this decade and we will not achieve those goals if it takes seven years to permit and put an asset into service," he added.Ĭanada, the world's fourth-largest oil and sixth-largest natural gas producer, aims to cut carbon emissions to 40-45% below 2005 levels by 2030. "Does there need to be same timeline and level of regulatory scrutiny as for a greenfield project on a new right of way? These are the conversations we are having with governments," Poirier said at the LNG 2023 conference in Vancouver. TC Energy has more than 20,000 kilometers (14,300 miles) of pipeline in western Canada that could be repurposed to carry carbon dioxide for sequestration underground or transport low-emissions hydrogen, Chief Executive Francois Poirier said. VANCOUVER (Reuters) - Canada's TC Energy on Wednesday urged policymakers to streamline permitting for repurposing oil and gas infrastructure to advance energy transition projects and reduce greenhouse gas emissions.
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