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[Canada Announces New Regulations: Oil and Gas Industry Must Cut Methane Emissions by 75% by 2035] 1. The Canadian government officially announced a long-term commitment on Tuesday to significantly reduce methane emissions from its oil and gas industry. As the world's fourth-largest oil producer, Canada plans to reduce total methane emissions from the sector by 75% by 2035 compared to 2014 levels. 2. The new regulations fulfill current Prime Minister Mark Carney's commitment to strengthening emissions controls, but with a more relaxed timeframe compared to his predecessor Justin Trudeau's draft target of a 75% reduction by 2030, which was criticized by the industry for being difficult to achieve. The new law will take effect in 2028, and its core measures include a complete ban on routine emissions with a few exceptions and mandatory equipment leak detection and repair programs. 3. Under the new regulations, operators can design their own emissions reduction plans as long as they meet the legally mandated methane emission intensity thresholds. The Canadian government projects that the new regulations will reduce emissions by 304 million tons of CO2 equivalent between 2025 and 2035, while only slightly decreasing total oil and gas production by 0.2%. Methane, a major component of natural gas, has a much greater short-term greenhouse effect than CO2. In Canada, oil and gas facilities contribute approximately half of methane emissions. Although the Carney government has faced criticism for prioritizing economic development over climate issues and for reversing some emissions policies to stimulate energy investment, Canada has made progress in methane control through previous regulations and is on track to achieve its early target of reducing methane emissions by 40% to 45% by 2025 compared to 2012 levels. However, with increasing production, total greenhouse gas emissions from the sector are still rising, and Canada is not expected to meet its overall emissions reduction target by 2030.