Thank you very much, Mr. Chair.
I have copies of the motion for anyone who wants one.
Increasingly, there's widespread recognition that Canada cannot reach our 2030 and 2050 emissions reduction targets without significant contributions from the oil and gas sector. While most sectors of our economy are reducing their emissions, much of that progress is being negated by emissions from the oil and gas sector, emissions that continue to grow, but there are signs of hope. Even the Pathways Alliance, a group of the largest oil and gas companies in Canada, has committed to reducing their emissions to net zero by 2050, and our government is stepping up to help the entire sector ensure that it can continue to play the critical role it plays in our economy while also holding it accountable to its commitments.
Given all that, Mr. Chair, I'd like to give formal notice of the motion.
Given that:
a) The federal government is making monumental investments in technologies that will reduce emissions in the oil and gas sector;
b) Canadians deserve to have certainty that these investments will result in significant emission reductions;
c) Capping and reducing emissions from the oil and gas sector is necessary to meet our 2030 emission reduction goals and avert the worst impacts of climate change; and
d) Reducing emissions in the oil and gas sector has the potential to create high quality, sustainable jobs;
The committee expresses its collective support for the government's proposal to a) amend the Federal Methane Regulations for the Oil and Gas sector to require a reduction of methane emissions in the upstream oil and gas sector by at least 75 per cent below 2012 levels by 2030; and b) introduce a regulatory framework document on the proposed approach and stringency of a cap on greenhouse gas pollution from the oil and gas sector.
Thank you, Mr. Chair.