Summary by Liz Couture, Drawdown RH: Major oil and gas companies have made commitments to achieve net-zero emissions by 2050 but have not produced a plan, and they will receive some bridge financing, but let it be understood that Trudeau is serious about climate change action.
"On Monday, Prime Minister Justin Trudeau tied bridge financing for large oil and gas companies to reducing greenhouse gas emissions. If Albertans don’t understand what this means, let me spell it out: the Liberal government is serious about aggressive climate policies.
“There are many companies in the energy sector that are already taking seriously the need to plan for the longer term, to plan for reducing emissions and fighting climate change. But not all of them,” Trudeau told journalists, as reported by the Globe and Mail.
“And that’s why we needed to make sure that as we moved forward on support for large employers across all sectors, that they are also – in all sectors, not just in the energy sector – thinking about the challenge that climate change will pose to their company and to their future and have a response for it.”"