top of page

Carbon Capture

Canada has strived for a balanced approach between promoting resource development and strengthening environmental performance, including a pledge to reduce CO2 emissions 40% below 2005 levels by 2030, and to achieve net-zero emissions by 2050.

The nation's oil sector has faced challenges, with insufficient pipeline capacity to reach markets and growing opposition to pipelines on environmental grounds. The sector should focus on mitigating its upstream environmental impact.

In contrast, the Canadian LNG sector is poised to take off, which will bolster the country's energy ties with Asia and help monetize vast western shale gas resources.

The climate strategy of the country is embodied in the Pan-Canadian Framework on Clean Growth and Climate Change, which introduced a federal price for carbon starting at CAD 20/tonne in 2019, rising to CAD 50/tonne in 2022. A strengthened plan announced in December 2020 would see the carbon price grow by CAD 15/tonne annually to CAD 170/tonne in 2030.

Among IEA countries, Canada boasts one of the cleanest electricity profiles, with a large share of renewables (especially hydro) and nuclear power. The nation has launched a refurbishment program to extend the life of the existing fleet of nuclear reactors as part of a future low-carbon electricity mix. The government plans to phase out coal power by 2030.

Eaglesledge Energy is currently in the works with a carbon capture company to remove 90-95% our yearly CO2 emissions from the air and reused in producing more petroleum products. With this goal, Eaglesledge Energy would become the new standard for the ever developing age of green petroleum products globally.

bottom of page