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Canada’s Environment Ministry Approves Offshore Oil Project While Touting 2030 Emissions Reduction Plan
Canada's Bay-du-Nord offshore oil project has received federal government approval. It is scheduled to go onstream by 2028, two years before the country’s 2030 deadline to reduce emissions from the sector by 31% from 2005 levels. One could claim the government is suffering from cognitive dissonance in this decision. Not familiar with that term? It describes a psychological condition when beliefs don’t line up with actions. In this case, the belief is in the 2030 numbers, and the actions are current policy decisions.
Canada’s Environment Ministry Approves Offshore Oil Project While Touting 2030 Emissions Reduction Plan
The decision to approve Bay-du-Nord is based on the low emissions intensity of the oil that will be produced with no accounting for end-use.
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