With respect to the 2030 and 2035 targets, no, Canada is not on pace to meet the targets. At this point, no analyses, even the analyses done by the federal government's own modellers, would find that.
I can't give you specific numbers because there is yet to be any really detailed modelling of the impact of the Canada-Alberta deal and the change in the industrial pricing system across the country as a result, but I can point to some previous numbers that might be helpful. Even modelling that the NZAB did, again, with the Canadian Climate Institute, found that we were looking at about a 19% reduction by the year 2030 with the existing policies in place. Some of those existing policies have since been weakened.
The methane target for 2030 has been lessened a little bit. We've seen changes in electric vehicle rules, etc. It would be unlikely that we would even get to a 19% reduction below 2005 levels, which are less than halfway to the 40% reduction target. That modelling is very similar to the result in the government's own 2025 progress report that was released in December for the emissions reduction plan.
I want to point out something else. The other people who do modelling on this are from the Canadian Energy Regulator. If you look in the Canada futures report that they put out, their own modelling shows that we're nowhere close to the 2030 target, even with policies that were in their modelling, policies that have since been cancelled. They also model all the way out to 2050, and they find that, even with the implementation of things that have been cancelled, we'd only get to, at most, a 35% reduction by 2050.
That is why I've been quite outspoken and was quite clear, whenever I had the chance, with the government. You can't be saying that these deals are still compatible with net zero by 2050. They're not. The deal is not compatible with it, and I think it's paramount for the government to be honest with Canadians about this. If you're going to pass deals like this, be honest about the implications.
