Reducing methane will lead to 1,500 new jobs: REPORT
A recent study by Blue Green Canada, an alliance of Canadian labour unions and non-governmental organizations, shows that methane regulation will actually create thousands of jobs a year.
The U.S.-based version of the group, Blue Green Alliance, estimated in 2016 that tackling methane emissions would create the equivalent of 5,400 jobs per year south of the border.
“Based on our calculation that the Canadian oil-and-gas sector releases about one-quarter of the methane released by the U.S. industry,” Blue Green Canada wrote, “this suggests that there is an opportunity to create more than 1,500 similar jobs in Canada each year.”
Over a decade, that works out to over 15,000 years of employment for the oil-and-gas sector, it said.
The federal government’s impact analysis of its own methane regulations also shows not only that new rules won't cost anything—they will actually result in a net surplus of billions of dollars, on top of saving hundreds of megatonnes of pollution.
That’s because, while it estimates that its regulations will cost $3.3 billion, it also estimates it will help avoid a whopping $13.4 billion worth of damages associated with climate change.
The government says its proposed regulations will also lead to the recovery of $1.6 billion worth of natural gas, an added bonus to the surplus side of the ledger. It projects a net benefit of $11.7 billion altogether.