Re-elected Trudeau in pursuit of climate change pledges.

September 30, 2021
By CSE

The extreme heat waves in British Columbia this summer and its consequences, seemed to be enough to shape Canadians’ decision right before voting and urge them to contribute to their country’s path toward a clean energy economy. Despite this was supposed to be a climate change election with bold climate plans being stressed by all popular parties, results showed that people might have not been very aligned with that concern. Trudeau’s re-elected government is now found liable to step in and provide climate leadership on a local and international level which can happen only if Canada fulfills its obligations. The transition to a net-zero carbon economy is a global challenge and a drastic need to be met as exhorted by the world leaders during their UN meeting in New York City.

One of the most significant and daring commitments has been the reduction of GHG emissions by 40-45% below 2005 levels by 2030, to ultimately reach a net-zero carbon by 2050. As there is still a long way to be covered to meet the Paris agreement goal with the world remaining far off track, leading countries including Canada, must be faithful to their commitments.

This current ambitious plan premises the enforcement of costly climate policies that require support on all levels. Oil and gas companies and their workforces will need to receive a substantial amount of help to become allies on that effort. Amongst others, updated training initiatives must be implemented as well as to adopt new technologies.   At this point, Canada is highly responsible to address climate change and restore the negativity over reneging on promises such as the expansion of the oil sands which is the largest deposit of crude oil on the planet.

There is no doubt that climate change is currently a mega trend and along with the evolving field of ESG, company decision makers are being asked to also commit themselves on that progress.

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