"Our outlook does show emission growth more materially next year because we do see a sizable volume coming online. We do see more upward pressure," said Birn.
"If you really want to bend this [emissions] curve over, you need to actually remove those emissions [by building carbon capture and storage facilities]," he said.
The industry is becoming more efficient and creating less pollution for every barrel of oil that is produced, said Kevin Birn, S&P's chief analyst covering Canadian oil markets.
Canada's oil and gas sector is the nation's largest emitter of greenhouses gases, followed by the transport sector. Respectively, these account for 31 per cent and 22 per cent of total emissions.
#greenhouse-gas-emissions #oilsands-production #environmental-impact #carbon-capture #canadian-oil-industry
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