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Canada drops oil/gas emissions cap, boosts carbon pricing and clean energy to reach net-zero by 2050.
Canada is moving to eliminate its planned oil and gas emissions cap, replacing it with stronger carbon pricing, methane limits, and carbon capture incentives to meet net-zero goals by 2050.
The shift, announced in the 2025 federal budget, emphasizes industrial decarbonization, clean energy investment, and faster project approvals, including for LNG and pipelines, while delaying electric vehicle mandates and omitting clear 2030 or 2035 targets.
The government aims to raise carbon prices to $170 per tonne by 2030 and launch a $2 billion critical minerals fund to boost clean tech.
Critics say the strategy lacks concrete emissions commitments, and Canada remains on track to miss its Paris Agreement target.
Canadá reduce el límite de emisiones de petróleo y gas, aumenta el precio del carbono y la energía limpia para alcanzar el cero neto para 2050.