Canadian oil patch welcomes ‘level playing field’ from North American energy, climate change agreement

Domestic oil and gas companies are not worried about a new, North America-wide energy and climate change strategy that contains aggressive emissions reduction targets.

Prime Minister Justin Trudeau, U.S. President Barack Obama and Mexican President Enrique Pena Nieto committed to chopping methane gas emissions from the oil and gas industry by 40 to 45 per cent as part of a wide-ranging North American Climate, Clean Energy and Environment Partnership, announced Wednesday in Ottawa.

The deal brings Mexico into line with methane reduction targets Canada and the U.S. agreed to in March. Pena Nieto said during a press conference that “isolated national efforts are insufficient” to tackle issues like environmental protection and climate change.

Read the full article on Financial Post.