KYIV: Canada wants to be a good energy partner for Europe but will not give up on its climate goals and its planned transition to cleaner fuels, Canadian Prime Minister Justin Trudeau said on Sunday.
Trudeau, during an unannounced visit to Ukraine, also said he had faith in the Bank of Canada as it tries to tame high inflation for three decades. Earlier, Trudeau said Canada would provide new weapons and equipment to Ukraine and reopen its embassy in Kyiv, the country’s capital.
In March, Canada released a roadmap to meet 2030 climate goals, outlining detailed plans and spending C$9.1 billion ($7.3 billion) to cut warming carbon emissions. the planet after years of failing to achieve its goals. It plans to cut carbon emissions 40-45% below 2005 levels by 2030.
The oil and gas sector is Canada’s most polluting sector, accounting for 26% of total emissions. To achieve the government’s target, the industry would have to make drastic cuts.
“Canada is one of the largest oil and gas producers in the world, but at the same time, we know how important it is to move even faster in the transition to net zero,” Trudeau said. .
The government is in talks with Repsol and Pieridae Energy, the companies behind two liquefied natural gas (LNG) export facility projects on the east coast, to see how they can fast-track the projects and help boost supply in Europe, Canada’s natural resources minister told Reuters. Friday.
“We seek to be good energy partners with our European friends, but we never slow down in our fight against climate change,” Trudeau said Sunday.
“Part of that is recognizing that the same infrastructure that can be used for LNG can also be used for the hydrogen and ammonia that will perhaps power the transition from fossil fuels.”
(Reporting in kyiv by Tom Balmforth, writing in Toronto by Amran Abocar, editing by Diane Craft)