Big Financial Loss Prompts Petronas to ‘Reassess’ Oil and Gas Investments, Expand Renewables – The Energy Mix:

“Petronas, the world’s fourth-largest exporter of liquefied natural gas, has already flagged production cuts and cost savings to mitigate the impact of the pandemic,” Reuters reports. “It will now seek to expand its renewable energy portfolio, and reassess its oil and gas positions.”

Big Financial Loss Prompts Petronas to ‘Reassess’ Oil and Gas Investments, Expand Renewables – The Energy Mix: “Petronas, the world’s fourth-largest exporter of liquefied natural gas, has already flagged production cuts and cost savings to mitigate the impact of the pandemic,” Reuters reports. “It will now seek to expand its renewable energy portfolio, and reassess its oil and gas positions.”Read More

Canada not on pace to meet target to cut methane emissions by 2025: Environment Minister Jonathan Wilkinson is open to imposing tougher regulations to curb methane emissions from the oil and gas sector if that is required to hit a 2025 target to cut them by almost half, his staff said Friday.

Canada set a goal in 2016 to cut methane emissions by 40 to 45 per cent in 2025 compared to what they were in 2012. A new report from the Pembina Institute and Environmental Defence says the regulations in place now for methane will only achieve a 29 per cent cut by 2025.

“They’re not on track to meet the target,” said Jan Gorski, a senior analyst at the Pembina Institute.

A statement released through Wilkinson’s office did not question the analysis, saying only that the federal government is “committed” to hitting the promised target.

Canada not on pace to meet target to cut methane emissions by 2025: Environment Minister Jonathan Wilkinson is open to imposing tougher regulations to curb methane emissions from the oil and gas sector if that is required to hit a 2025 target to cut them by almost half, his staff said Friday.Canada set a goal in 2016 to cut methane emissions by 40 to 45 per cent in 2025 compared to what they were in 2012. A new report from the Pembina Institute and Environmental Defence says the regulations in place now for methane will only achieve a 29 per cent cut by 2025.“They’re not on track to meet the target,” said Jan Gorski, a senior analyst at the Pembina Institute.A statement released through Wilkinson’s office did not question the analysis, saying only that the federal government is “committed” to hitting the promised target.Read More