Mr. Wilkinson has said various things about CCUS. In the past he has gone on record saying that carbon capture and storage won't be part of the 2030 tool kit because of the timelines that are required to design and build these projects, yet he put forth a plan that banks heavily on CCUS to do a lot of the lifting in terms of emission reductions. Similar comments have been made in the past by Minister Guilbeault, that certainly CCUS doesn't have a role to play in 2030. I would point out that discrepancy.
It's just very risky to gamble on an unproven speculative technology to do a lot of the emission reductions that we're expecting to happen before 2030 in terms of global capacity. I spoke of Canada's capacity where we're capturing less than 0.05% of our emissions and most of that is actually going for enhanced oil recovery.
This technology has existed for 30 to 40 years and has been heavily subsidized for that same time frame, yet we're still only capturing less than 40 megatonnes globally. That's 0.001% of the world's greenhouse emissions. It is a technology that has shown itself to over-promise and under-deliver.
One of the real issues with carbon capture and storage in the oil and gas sector is that it ignores 80% of the problem, which is the downstream emissions coming from burning the fossil fuels in our cars and our homes.