The Canadian Association of Petroleum Producers (CAPP) recently released a statement ahead of the 2015 Paris Climate Conference, outlining CAPP’s position on climate action and the organization’s role at the conference.
CAPP’s stated position is that “technological innovation and effective public policies are the keys to reducing emissions while growing the oil and natural gas sector to create jobs and sustain a robust economy.”
Oilsands producers are currently investing over $1.2 billion on solutions to “reduce greenhouse gases, minimize impact on land, reduce water use and improve tailings management.” The funds raised through the increased price on carbon, as outlined in the Alberta climate change plan, could result in over $1 billion in additional funds over a decade going toward GHG-reducing technologies.
CAPP President and CEO Tim McMillan will represent his organization at the upcoming Paris Climate Conference to provide input on policies to reduce GHG emissions. “Our message is that environmental protection, including action on climate change, and the economic benefits from our oil and natural gas resources are not mutually exclusive”, says McMillan. “Both can be achieved. That’s the message I intend to bring to Paris.”