Madam Speaker, it is important to note once again that the emissions reduction plan does chart a course across all sectors. However, the oil and gas sector is Canada's largest source of greenhouse gas emissions, and we will not be able to reach our target without significant contributions from our highest-emitting sector.
The emissions reduction plan presents modelling of the most economically efficient pathway to meeting Canada's 2030 target, and this modelling projects that the emissions from the oil and gas sector could decline by about 31% from 2005 levels to reach 110 megatonnes in 2030. This is a guidepost for action and will guide the Government of Canada's work with industry, stakeholders, the provinces and territories, indigenous peoples and others to develop a cap on oil and gas sector emissions.
Canada is positioning our industries to be green and competitive by helping industries adopt clean technology on their journey to net-zero emissions. This is the work we are doing and we will continue doing it.