CEOs and executives of some of Canada's largest oil and gas companies defended their industry Thursday, the same day a group of Canadians personally affected by climate change called on the federal government to implement its proposed cap on emissions from the oil and gas sector.
"Every credible study shows that we will continue to need all forms of energy, including oil, to help meet the world's growing energy demand," said Cenovus CEO Jon McKenzie. The group included a woman who lost her Kelowna, B.C. home in last year's wildfires, a woman from Merritt, B.C. who lived through severe flooding in 2021, and a man from Tuktoyaktuk, N.W.T., who is concerned about the threat posed by rising sea levels to his Arctic community.
The federal government has proposed a legislated cap on emissions from the oil and gas sector, something the industry opposes. The government has said the cap is intended to limit pollution, not oil and gas output, but the oil and gas sector has said the targets are too stringent and would result in companies cutting production.
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