The province is taking steps to cap greenhouse gas emissions from the oilsands.
Environment Minister Shannon Phillips has introduced Bill 25 in the legislature, which, if passed, will cap oilsands emissions at 100 megatonnes a year.
The industry currently emits about 66 megatonnes a year. Phillips says the limit they’ve chosen keeps some room for growth.
“It is seen as a reasonable approach to allow growth within the oilsands, but to enhance the market conditions and the drive towards taking the carbon out of the barrel. With this bill Alberta makes clear to the world that energy producing jurisdictions can establish limits and work and thrive within a carbon-constrained future.”
READ MORE: NDP Carbon tax report called ‘spin’
READ MORE: NDP spending money to curb methane emissions
At the current rate, and without green innovations, officials expect it will reach 100 megatonnes by the year 2030.
Alex Ferguson with the Canadian Association of Petroleum Producers says overall, industry recognizes it has to focus on reducing emissions and that this will be a driver to increase the focus on technological innovation.
But PC Leader Ric McIver says the bill is an ill-conceived plan put forward by a government that’s not thinking long term.
“The government’s already made a decision to strand billions of dollars worth of coal in the ground. Now they’re looking at risking stranding billions of dollars in petroleum products in the ground.”