Canada to unveil long-awaited plan for emissions cap on oil and gas sector

Canada will announce its draft plan to cap greenhouse gas emissions from the oil and gas sector on Monday, aiming for a 38% reduction from 2019 levels by 2030 through a cap-and-trade system.

While the Trudeau government, prioritizing climate action, emphasizes the cap will target pollution rather than production, oil-producing provinces like Alberta and Saskatchewan oppose it, the Boe Report has reported.

read more: https://boereport.com/2024/11/03/canada-to-unveil-proposed-emissions-cap-on-oil-and-gas-sector-on-monday/

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