Canada must slash the greenhouse gas emissions from its oil production in order to lure companies back to investing in increasing oil and gas production and expanding projects, Natural Resources Minister Seamus O’Regan told Reuters in an interview this week. “If you do what is required to lower emissions, you will be rewarded with increased investment. If you don’t, you’ll be punished,” O’Regan told Reuters in a phone interview. According to the minister, Canada’s oil industry has shown resilience in the face of many challenges in recent years and is changing with the pandemic and the increased environmental awareness from investors, shareholders, and the general public. If Canada wants to continue growing its production, it needs to slash the greenhouse footprint of its oil, O’Regan said. According to a May 2020 report from Rystad Energy, Canada had the highest CO2 emission intensity per barrel of oil equivalent (boe) produced […]