2024-02-12 Product news

Canada clamps down further on methane venting in oil and gas sector

Canada has announced new draft regulations to enhance emissions-monitoring requirements and reduce fugitive methane emissions in the oil and gas sector, aiming for a minimum reduction of 75% by 2030.

“Lowering methane emissions from our oil and gas sector is one of the fastest and most cost-effective ways we can cut the pollution that is fueling climate change,” Guilbeault announced in a statement. “As the world’s fourth largest oil and gas producer, we have both the responsibility and the know-how to do everything we can. At this time of robust profit margins and high energy prices, there has never been a better time for the oil and gas sector to invest in slashing methane emissions,” added Guilbeault. 

 

The regulations include restrictions on methane venting, inspections to prevent unintentional emissions, and requirements for managing facility flaring. The new rules also introduce an audit system and cost estimates for compliance. 

 

Read more here.

 

At Alfa Laval we’re working with Canadian oil and gas companies to increase sustainability efforts, become more profitable, and future-proof operations. Learn more here.

Tags

All
Canada clamps down further on methane venting in oil and gas sector (1)