For Canada to meet its Paris 2050 commitments and be a leader in reversing or stopping climate

change, we must
• Develop a framework to reduce GHG emissions.
• Manage a range of regulatory, investor, and societal pressures to transition to a low-
carbon energy system successfully.
• Reduce our carbon footprint.
• Disincentive fossil fuels.
• Invest in research and innovation in renewable industries.
• Create practical international cooperation, including public-private partnerships.
• Set strategies to secure international finance for developing countries.

Will limiting the growth of our economy/businesses to meet these goals ensure the well-being of
future generations? Moreover, is it attainable?

While we firmly believe in the need to be a global leader on climate change, a collective failure
we see in this framework and the reason we do not believe this is attainable is:

1)Canada produces less than 1.5% of global GHG emissions, with its oil and natural gas industry
producing close to 0.3% of global GHG emissions (CAPP, 2021).

2) The goals and targets to limit or reverse climate change have not been widely accepted or
committed to by some of the world's largest polluters (Russia, China, India).

As Canada's oil and gas industry is considered a global leader in innovation and technology in
driving down GHG emissions intensity, we see this as the framework our government should be
employing moving forward. We believe that setting smaller attainable goals targeted at
Canadians and our contributions will have a far more impactful effect on global warming. This
plan would focus on utilizing Canada's Oil and Gas sector for domestic needs instead of
procuring resources from international markets. Between 1988 and 2020, Canada spent $604
billion on foreign oil imports, with Quebec importing $228 billion since 1988. Additionally,
Canada's imports from the United States and Saudi Arabia totalled over $110 billion from 2010-
2020 (Kaplan & Milke, 2021).
In contrast, the Energy East pipeline could have provided Quebec with the necessary oil to meet
its energy demands with a minor investment of only $15.7 billion (Hopper, 2018). When Energy
East disintegrated, New Brunswick's Irving Refinery began to employ tanker ships to transport
Western Canadian Oil over 11,900 kilometres down the Pacific coast through the Panama Canal
back up the Atlantic coast (Seskus, 2020). According to Canada Action (2021), if Canada
replaced 100% of foreign oil imports, we could reduce global emissions by 6.2%.

We believe the government should focus on investing in its Canadian resources while reducing
its reliance on foreign oil imports. We see this as the path to meeting Paris 2050 commitments,
reducing the effects climate change will thrust upon future generations and supporting, fostering
and growing our economy and businesses.