Ottawa proposes to cap oil, gas emissions using industry-specific carbon pricing system
Canada aims to cut emissions across all sectors 40 to 45% from 2005 levels by 2030
The federal government is proposing to use an industry-specific cap-and-trade system or a modified carbon pricing system to set a ceiling for emissions from the oil and gas sector and drive them down almost 40 per cent by the end of this decade.
The two options are contained in a discussion paper Environment Minister Steven Guilbeault will publish Monday. It is the first glimpse Canadians are getting of how the Liberals expect to implement the oil and gas emissions cap promised in last year’s election.
Gotta love how the CBC makes it look like Trudeau is fulfilling an election promise the majority wants when he barely held on to a minority government.
