North American Climate and Energy Plan

The U.S., Canada and Mexico have announced a new climate and energy plan to cut greenhouse gas emissions from the oil and gas sector. The plan was announced at the Three Amigos Summit being held in Ottawa. The North American Climate, Clean Energy and Environment Partnership seeks to impose new restrictions on some industries to cut emissions and hopes to encourage a greener economy. The partnership is a follow-up to the 2015 Paris Climate Summit. In a joint statement the partners noted, “The Paris Agreement was a turning point for our planet. Our actions to align climate and energy policies will protect human health and help level the playing field for our businesses, households and workers.” The U.S., Canada and Mexico committed to seeing half of North America’s electricity generated by clean sources by 2025.