CO2 Management > CCUS > Canada sustainable finance taxonomy draft carves out future abatement category for fossil fuel emissions cuts

Canada sustainable finance taxonomy draft carves out future abatement category for fossil fuel emissions cuts

Published 20:09 on July 9, 2026 / Last updated at 20:09 on July 9, 2026 / / Americas (US & Canada), CO2 Management (CCUS), Net Zero Transition (Industrial Decarbonisation, Investment, Reporting & Disclosure)

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Canada’s sustainable finance taxonomy would include a separate category for select oil and gas emissions-reduction investments, setting up a later fight over guardrails for fossil fuel-related projects seeking climate-aligned finance, according to a draft published this week.
Canada’s sustainable finance taxonomy would include a separate category for select oil and gas emissions-reduction investments, setting up a later fight over guardrails for fossil fuel-related projects seeking climate-aligned finance, according to a draft published this week.


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