Canada has committed to cap and reduce ghg emissions from the oil and gas sector at a pace and scale necessary to contribute to canada’s climate goals, in a way that allows the sector to compete in the emerging global clean economy. Canada’s upcoming emissions cap on the oil and gas sector aims to cut greenhouse gas emissions by 37% by 2030 from 2022 levels The federal government has published new draft regulations that will force oil and gas companies to slash their greenhouse gas emissions
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Here's what that looks like, and what it might mean for.
The federal government is targeting a 35 to 38 per.
Here's what that looks like, and what it might mean for the industry and for canada's climate targets: The negative economic impact of canada’s proposed oil and gas emissions cap will be much larger than previously projected, warns a study by the center for north american prosperity and security (cnaps) The report concluded that the cost of the emissions cap far exceeds any benefit from emissions reduction within canada, and it could push global emissions higher instead of lower But as our analysis has shown, companies can meet this cap through technological solutions while still growing their production
As the government of canada has shown today in its modelling, by 2032 there is a minimal impact to canada’s gdp as a result of this cap.
