New oil and gas regulations may come ‘by mid-year,’ government says

Environmental regulations for Canada’s oil-and-gas sector are in their final stages, the environment minister said Tuesday.

The regulations would seek to curb the sector’s greenhouse-gas emissions to help Canada meet a 2020 target for a 17 per cent cut in overall emissions from 2005 levels.

Rules are already in place for the transportation and coal-fired electricity industries, but estimates suggest they get Canada only halfway to that goal.

Environment Minister Peter Kent told a House of Commons committee his objective is for the regulations on the oil and gas industries to help close the gap.

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Stephanie Levitz – Canadian Press – March 5, 2013.