Carney Says Canada Emissions Will Exceed Targets as Oil Growth Continues
Updated
Updated · Bloomberg · Jun 30
Carney Says Canada Emissions Will Exceed Targets as Oil Growth Continues
2 articles · Updated · Bloomberg · Jun 30
Summary
Canada’s emissions will run higher in coming years than previously projected, Mark Carney said, signaling the country’s near-term climate targets are likely out of reach.
Carney said his government will not curb oil-sector growth to meet those goals, making the trade-off explicit in his clearest admission yet on the emissions outlook.
In the second video of his “Forward Guidance” series, he framed energy policy around a three-part crisis: affordability pressure from global oil volatility, economic vulnerability from reliance on US markets, and the climate transition challenge.
The stance points to a strategy that prioritizes energy growth and economic resilience over faster near-term emissions cuts, complicating Canada’s path to its stated climate goals.