Canada, the world's fourth-largest oil producer, can be a key global supplier for years to come providing it sticks to promises to sharply cut emissions, the International Energy Agency (IEA) said on Thursday in a review of the country's energy policies.
The IEA review, the first since 2015, noted the country's role as a major producer, consumer and exporter of energy presented "both challenges and opportunities" for reaching its decarbonization targets.
"Canada is definitely in the top league of all those oil-producing countries when it comes to addressing our climate challenge," Birol told a news conference. "We want to see those strategies being implemented." But environmental campaigners Équiterre criticized the IEA as being inconsistent for laying out how Canada can reduce emissions from oil and gas production in order to continue exporting after 2050.Natural Resources Minister Jonathan Wilkinson said Canada needed to reduce both emissions intensity and consumption of fossil fuels.
To speed up decarbonization of the oil and gas sector, the IEA called for strong action to curb methane emissions and accelerate the rate of innovation in energy technology.
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