As Canada and the world move toward a cleaner energy future, oil and natural gas will play an important role in enabling the transition. CEPA members ensure that energy is delivered in the safest, most responsible way.
As the world evolves to meet energy challenges – climate change in conjunction with rising world demand for energy – people are scrutinizing energy more than ever. One way to measure the responsibility of an industry, or company, is to look at its environmental, social and governance (ESG) practices.
As a leader in all ESG categories, Canada is setting performance benchmarks that all Canadians can be proud of. Our natural gas and oil resources are developed and transported under the highest environmental, human rights and labour standards. The pipeline industry’s focus on safety and the environment and its significant socio-economic contributions ensure the transportation of Canadian natural gas and oil is among the most responsible in the world.
And with Canada’s considerable resources – Canada is the fourth-largest producer of natural gas and oil on earth – the world can count on a reliable supply of responsible energy.
As the global energy ecosystem evolves, pipelines are playing an even more important role in the energy future for both Canada and the world. Increasing world population and the growing global economy mean energy demand is rising. While solar and wind energy production is rising, forecasts indicate oil and natural gas could still provide most of the world’s energy in 2040. Pipelines are needed to transport that energy to the people who need it.
Pipelines will play a critical role in helping Canada reach its goal of net-zero emissions by 2050. The oil and gas sector is leading the world with innovative strategies and technologies to reduce its greenhouse gas emissions.
Carbon capture and storage (CCS) is one clean energy technology that is making a difference. It involves capturing carbon dioxide (CO2) emitted from industrial activity and energy production before it is released into the atmosphere. The CO2 is then compressed into a liquid state and transported via pipeline to be stored underground permanently or used to help extract more oil and gas from the ground.
Canada also has a strategy to use hydrogen as a tool to reach zero-emissions by 2050. Hydrogen can be produced from renewable sources and emits zero emissions when used as a source of energy. It can be used to decarbonize many sectors of the economy, including oil and gas extraction. As hydrogen production ramps up, pipelines will be used to safely transport it to domestic and international markets.
As the world addresses climate change, Canada’s responsibly produced, cleaner-burning fuels will be an important part of the solution. Liquefied natural gas (LNG) and hydrogen will help lower global greenhouse gas emissions when they are used to displace higher-emitting fuels for power generation.