Methane emissions are underrated at one third of global warming gases, largely because fossil fuel sector methane emissions are underestimated by 70 percent. Current data indicates the energy sector accounts for 40 percent of man-made methane. Consequently, the COP26 non-binding pledges of over 100 nations for a 30 percent reduction by 2030 are not only dreadfully inadequate, but also, without standardized measuring, reporting and verification standards, oil and gas industry methane greenwashing is rampant. The draft European Union (EU) plan to reduce methane emissions up to 80 percent by 2030 and establish transparent extraterritorial norms will be complimented by an accelerated transition to clean energy independence to reduce reliance on Russia. As well, existing technologies can capture fossil fuel methane for selling it for a net profit, meaning methane zero-tolerance is possible. By contrast, Canada’s methane ambitions procrastinate and are fuzzy.
Justin Trudeau announced another of his Liberal government’s green plans in December. I have lost track of how many green plans we have had, but not a single one has met its targets. With the prime minister set to officially meet with the new U.S. president Tuesday, the Liberals’ environmental agenda looks embarrassingly unambitious by comparison.
Raising the price of carbon is one of the pillars of the government’s latest plan to reduce greenhouse gas emissions. But there are no magic bullets and piecemeal measures don’t work.
In other regions that have carbon pricing mechanisms, such as the European Union and China (with its pilot schemes), climate change abatement plans consist of many complementary measures, including stringent legislation.
The environmental footprint of an electric vehicle represents a sectorial industrial revolution, including the first lifecycle end of an EV battery. With existing technologies, 95% of an EV battery can be recycled for inclusion in a new EV battery and/or energy storage. The remaining 5% can be handled by third party recyclers. Because the price of mined lithium is rising exponentially, recycled EV battery materials are set to compete with mined content. The result is massive investments underway and planned for EV recycling, especially in China and Europe. The U.S federal government is supporting EV battery recycling and there is a nascent industry in Canada. But there remains a colossal challenge for the Canadian national and provincial governments to assure Canada is a major player alongside China and Europe.
The business model of Big Oil has already started to collapse. The model is premised on strong growth to fuel high prices and render economically viable the exploitation of expensive-to-develop, non-conventional fossil fuels, including the tar sands and shale oil and gas.
With so many Canadians eagerly awaiting the end of the anti-democratic, unaccountable Harper regime, some seem to be inclined to support any alternative that may stand a chance for replacing the Cons in 2015, after the next federal election. But maybe we should take a pause to think this through just a little more. Canadian Idol Trudeau, though he hasn’t said that much so far, has already shown that he shares many of the policy positions of Harper. This is where things get scary.