As demand for oil and gas around the world soars, Canada is determined to boost oil production in order to ensure supply. If Canada hopes to meet its carbon reduction targets, its oil and gas industry must reduce its carbon emissions by at least 45 percent by 2030. Canada plans to introduce innovative technology including carbon capture and storage technology and even using small modular nuclear reactors to power operations. While Canada has no clear aim to reduce its oil production, particularly as demand from the U.S. and other countries has risen since the Russian invasion of Ukraine, it is now hoping to decarbonize the sector to ensure its future prospects. With greater international pressure to curb fossil fuel production and decarbonize, Canada is aiming to introduce innovative technologies that will allow it to continue producing crude without having such a heavy toll on the environment. A recent Canadian […]