RE:Peyto Exceeds Feds New Emissions Reduction TargetsThe headline reduction the government wants is a little misleading. They are using a 2019 baseline for the entire industry. The LNG industry as a whole was none existent since then and will increase emissions by 10 Million Tons.
In addition Canadian production is up 500K bpd since them. While Peyto had reduced overall emissions intensity by 40% since 2019, they have grown production a LOT since 2019 and their absolute emissions are still growing. No company will be immune from buying credits unless they are abated.