Energy Analytics Energy Transition

From promise to plateau | Canada’s challenge to cut GHG emissions

byIvana Petrich

Governments and companies across Canada continue to heavily invest in technological innovation and emissions reduction programs to meet interim and longer-dated targets. The federal government’s ambitious 2030 Emissions Reduction Plan aims to cut oil and gas emissions by 42% below 2019 levels in the next seven years, and methane emissions by 75% below 2012 levels, to ultimately reach net zero by 2050. 

When normalizing for production, Enverus Intelligence® | Research (EIR) sees modest evidence of emission reduction regulations impacting the upstream and midstream oil and gas sector in Western Canada in recent years. Average emission intensities across Alberta, B.C. and Saskatchewan (excluding refineries and oil sands mining operations) decreased from 33.3 CO2e/boe to 31.7 CO2e/boe between January 2021 and April 2023, while absolute emissions dropped by 6% (Figure 1). EIR believes absolute emissions targets are most effective when paired with emission intensity targets for net zero to be a realistic possibility. 

EIR’s estimates are derived from monthly facility-level fuel, flare and vent volumes reported to Petrinex, which are then converted to gross operated emissions in our platform and combined with other Enverus data sources.  

How do we achieve our emissions goals? Check out this blog to learn more

For existing Enverus Intelligence ETR customers, find the full report here.

Please contact [email protected] if you would like to learn more about Enverus products and services. 

Highlights from Energy Transition Research

  1. CAISO Market Dynamics – Trends Impacting Storage Projects and Developers – This report offers EIR’s view on CAISO’s future generation mix and load forecast, how these affect future energy prices and what this means for energy storage in California.
  2. CCUS – Mapping Class V and VI Permits – This report leverages added disclosure to map the 45 active, pending and withdrawn Class VI applications for permanent CO2 storage. EIR identifies trends across existing permits and suggest future Class VI locations in Louisiana.

Energy is changing. Connect weekly with the ideas that are leading the way.

About Enverus Intelligence®| Research
Enverus Intelligence Research, Inc. is a subsidiary of Enverus and publishes energy-sector research that focuses on the oil and natural gas industries and broader energy topics including publicly traded and privately held oil, gas, midstream and other energy industry companies, basin studies (including characteristics, activity, infrastructure, etc.), commodity pricing forecasts, global macroeconomics and geopolitical matters. Click here to learn more.

Picture of Ivana Petrich

Ivana Petrich

Ivana is an ESG analyst on the Enverus Energy Transition Research team. She joined the firm in 2022 from PGIM Fixed Income in London, U.K., where she managed Nordic and Dutch institutional investor relationships with heavily ESG-focused active fixed income strategies. Prior to PGIM, she spent six years in client management at Insight Investment, Russell Investments and Bank of New York Mellon Investment Management EMEA, working closely with U.K. and European defined benefit pension schemes and corporate treasurers. Ivana graduated from the University of Delaware with a bachelor’s of science degree in finance and international business. She is a CFA charterholder and holds the Investment Management Certificate from the CFA Society of the U.K.

Subscribe to the Enverus Blog

A weekly update on the latest “no-fluff” insight and analysis of the energy industry.

Related Content

Enverus Intelligence® Research Press Release - Enhanced geothermal systems: The future of reliable, green power for AI data centers?
Energy Transition
ByBrynna Foley

Big Tech is on the hunt for energy sources to meet the growing demand for clean, reliable power for artificial intelligence-driven data centers.

Enverus Press Release - OFS prices expected to bottom out by year’s end
Oilfield Services
ByAdriana Bickford

If you’ve spent any time in the oilfield services industry, you know it’s a cyclical business. When times are good, you’re on speed dial for work. When times are tight, you’re the first to feel it. And right now, with...

Breaking news alert on the impact on oil prices due to Israel attacking Iran
Analyst Takes Blog Topics
ByAl Salazar, Enverus Intelligence® Research (EIR) Contributor

In response to today's announcement that EOG Resources would acquire Encino Acquisition Partners for $5.6 billion, Andrew Dittmar, principal analyst at Enverus Intelligence® Research provided this commentary explaining the deal's significance.

nuclear-worker
Energy Transition
ByAmyra Mardhani

Westinghouse’s CEO revealed talks with U.S. officials this week to deploy 10 large nuclear reactors as part of a broader push to back nuclear energy as data centers drive energy demand skyward.

Enverus and Pexapark Press Release - Enverus Enhances Global Trading & Risk Platform with Pexapark’s Benchmark Renewables Pricing and Market Intelligence
Minerals
ByPhillip Dunning

The headline-grabbing $4.1 billion merger between Viper Energy and Sitio Royalties isn’t just another deal—it’s a signal flare for the entire minerals market.  Andrew Dittmar, principal analyst at Enverus Intelligence, calls it “a rare public mineral merger,” in his latest...

Enverus_Press_Release_Fundamental_Edge_1Q25_Thumbnail
Energy Analytics Operators
ByEnverus

The following blog is distilled in part from Enverus Intelligence® Research (EIR) publications.  After nearly a decade on the sidelines, EOG Resources has made a bold return to the M&A arena with its $5.6 billion acquisition of Encino Acquisition Partners (EAP)....

Enverus_Press_Release_Data_Centers_Thumbnail.png
Energy Transition Power and Renewables
ByRobin Grathwohl

At Enverus, we empower energy innovators with intelligent software that transforms complexity into clarity and decisions into results. Using our PRISM platform, we analyzed how our customers are outperforming the market in building successful power and renewables projects.   By comparing...

Enverus Intelligence Research Press Release - Upstream M&A sails to $17 billion in 1Q25
Energy Analytics Operators
ByEnverus

The following blog is distilled from Enverus Intelligence® Research (EIR) publications. As the upstream oil and gas sector faces mounting pressure from rising costs and dwindling Tier 1 inventory, the need for smarter, faster and more efficient development strategies has never...

Enverus Press Release - The Denver Post names Enverus a Top Workplace in Colorado
Energy Analytics
ByEnverus

The first quarter of 2025 has seen a remarkable surge in oil and gas mergers and acquisitions (M&A) within the upstream oil and gas sector, with transactions totaling $17 billion. This dynamic environment presents both challenges and opportunities for small...

Let’s get started!

We’ll follow up right away to show you a quick product tour.

Let’s get started!

We’ll follow up right away to show you a quick product tour.

Sign up for our Blog

Register Today

Sign Up

Power Your Insights

Connect with an Expert

Access Product Tour

Speak to an Expert