On November 1, Bill 25, the Oil Sands Emissions Limits Act becomes the first attempt by any oil-producing jurisdiction to put a cap – in this case, 100 megatonnes per year – on the emissions from its fossil fuel industry. According to a National Observer article the Alberta oilsands currently emit about 66 megatonnes of greenhouse gases a year, and are expected to reach 100 megatonnes by 2030. The legislation ensures that this level is not exceeded and gives producers incentives to minimize emissions in order to increase production. The Pembina Institute reacted with tepid approval, calling the legislation a key part of Alberta’s Climate Leadership Plan.
On November 3, the government announced that it will soon introduce a Renewable Electricity Act, which will set a target of 30 per cent of electricity sourced from renewables by 2030, and provide the legislative framework for a Renewable Electricity Program . Projects will be privately funded under the program, and the government forecasts that there will be at least $10.5 billion of new investment by 2030, with at least 7,200 jobs created. Seeing the writing on the wall, the Petroleum Services Association of Canada (PSAC), an industry group, has decided to allow wind, solar and other renewable energy companies to become members, according to a CBC report. The advantages of setting a “30 by 30″target for renewables were outlined in an Open Letter to the Premier from several environmental groups and renewable energy companies in October.