Action on methane makes sense for Canada's oil and gas sector

Canada has finalized amendments to its oil and gas methane regulations, emphasizing the importance of reducing methane emissions to enhance the competitiveness of its oil and gas sector. This move is seen as crucial given the current economic pressures and potential trade challenges. By increasing measures to capture and conserve methane, the country aims to prevent the wastage of gas and, consequently, preserve government revenues from royalties on marketed oil and gas. Reports indicate that Alberta lost $121 million in royalties due to wasted gas in 2022. The regulations are expected to create well-paying jobs within a growing methane mitigation industry.