{"id":12503,"date":"2016-03-03T18:26:21","date_gmt":"2016-03-04T00:26:21","guid":{"rendered":"http:\/\/blogs.edf.org\/energyexchange\/?p=12503"},"modified":"2016-03-03T22:19:17","modified_gmt":"2016-03-04T04:19:17","slug":"premier-clarks-methane-commitment-a-promising-early-sign-for-bcs-climate-leadership","status":"publish","type":"post","link":"https:\/\/blogs.edf.org\/energyexchange\/2016\/03\/03\/premier-clarks-methane-commitment-a-promising-early-sign-for-bcs-climate-leadership\/","title":{"rendered":"Premier Clark\u2019s Methane Commitment a Promising, Early Sign for BC\u2019s Climate Leadership"},"content":{"rendered":"

Yesterday, British Columbia\u2019s Premier Christy Clark announced that the province will align with Alberta\u2019s groundbreaking new policies on reducing emissions of the potent greenhouse gas methane from the oil and gas industry.\u00a0 Alberta had announced in November a goal of cutting oil and gas methane emissions 45 percent by 2025, and BC\u2019s new commitment is just one more sign that there is growing momentum in Canada to tackle this powerful climate pollutant.<\/p>\n

\"Canadamap3\"<\/p>\n

The Methane Threat \u2013 and Opportunity<\/strong><\/p>\n

Methane is a serious climate threat \u2013 with 84 times more potency than carbon dioxide in the short term, it is responsible for about a quarter of the warming we feel today. Globally, the oil and gas industry emits enough methane every year to equal the near-term climate impact of 40 percent of total global coal combustion, and Canada is the fourth-largest emitter of all countries.<\/p>\n

Oil and gas methane is a big problem, but because of its short-term warming power and the cost-effective solutions available to address it, it also presents a big opportunity to make a real dent in climate change.<\/p>\n

Research has shown that in Canada, reducing methane emissions is one of the most cost-effective ways to address the oil and gas industry\u2019s greenhouse gas impact. A recent analysis by the leading energy industry research firm ICF International found that upstream methane emissions from Canada\u2019s oil and gas industry could be reduced by 45 percent from projected 2020 levels for the low cost of C$2.76 per metric tonne of C02 equivalent \u2013 this is incredibly cheap compared to other greenhouse gas mitigation options.\u00a0 And in British Columbia specifically, the analysis showed methane emissions could be reduced significantly for just C$1.69 per metric tonne of C02 equivalent.<\/p>\n

It\u2019s clear that reducing oil and gas methane emissions makes good business sense, but it also has larger implications for the future of the industry. Investors who have a long-term stake in natural gas are increasingly concerned that if not comprehensively addressed, methane could undermine natural gas’s reputation as a low carbon, cleaner energy fuel. Just today, two leading Canadian investors published an op-ed<\/a> supporting methane rules in Canada as a good economic move.<\/p>\n

British Columbia Has an Opportunity to Lead<\/strong><\/p>\n

With Premier Clark\u2019s announcement that BC will take important first steps in tackling the oil and gas methane problem, the province is poised to become a leader on the issue. To show it is committed to true progress, one of the most important steps for BC to take will be setting a strong reduction goal \u2013 between Alberta\u2019s 45 percent reduction target and the 40 percent reduction target recommended by British Columbia\u2019s Climate Panel, the province\u2019s leaders have some strong examples they can follow.<\/p>\n

Both Alberta and the climate panel stressed the need for regulation to reach those goals, and it\u2019s critical that BC incorporate a regulatory framework in its own policies. As we\u2019ve seen before, voluntary measures on the part of industry are not enough to achieve needed reductions — quantitative targets backed by regulations are the best and most effective means for doing so. While industry can\u2019t do this on its own, it must still be part of the process. Clark\u2019s announcement included a commitment to work with industry on this policy move, and that collaboration will be critical to ensuring all players are working together to implement the most effective methods for meeting the province\u2019s methane goals.<\/p>\n

Beyond just action on methane, there\u2019s more opportunity for BC to continue to be a climate leader by taking action on all of the recommendations by British Columbia\u2019s Climate Panel. Moving forward on the full list of recommendations for policies to reduce CO2 across the economy will continue to demonstrate BC\u2019s climate leadership and deliver solid climate benefits for everyone.<\/p>\n

The Bigger Picture<\/strong><\/p>\n

Yesterday\u2019s announcement by Premier Clark is a great first step toward establishing BC as a leader on reducing Canada\u2019s oil and gas methane pollution. But BC can\u2019t do the job alone.<\/p>\n

As Prime Minister Trudeau and his team meet with the Premiers today, oil and gas methane reductions should be on their agenda for actions to reduce greenhouse gas emissions across the country. One recent analysis found that Canada has an emissions gap of 45 million metric tonnes to meet its climate goal, assuming all the provinces meet the targets they\u2019ve established — research suggests that if Canada followed Alberta\u2019s lead on methane, a quarter of that national gap could be filled.<\/p>\n

That\u2019s about as much of a silver bullet as you can find in the climate world, and suggests that Prime Minister Trudeau would be well-advised to follow BC\u2019s and Alberta\u2019s lead in taking advantage of this opportunity.<\/p>\n","protected":false},"excerpt":{"rendered":"

Yesterday, British Columbia\u2019s Premier Christy Clark announced that the province will align with Alberta\u2019s groundbreaking new policies on reducing emissions of the potent greenhouse gas methane from the oil and gas industry.\u00a0 Alberta had announced in November a goal of cutting oil and gas methane emissions 45 percent by 2025, and BC\u2019s new commitment is …<\/p>\n","protected":false},"author":6720,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8015,439,55717,693],"tags":[],"coauthors":[],"class_list":["post-12503","post","type-post","status-publish","format-standard","hentry","category-air-quality","category-climate","category-methane-2","category-natural-gas"],"acf":[],"yoast_head":"\nPremier Clark\u2019s Methane Commitment a Promising, Early Sign for BC\u2019s Climate Leadership - Energy Exchange<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blogs.edf.org\/energyexchange\/2016\/03\/03\/premier-clarks-methane-commitment-a-promising-early-sign-for-bcs-climate-leadership\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Premier Clark\u2019s Methane Commitment a Promising, Early Sign for BC\u2019s Climate Leadership - 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