Following up on its pledge during last year’s election, the Trudeau government published its proposal for capping greenhouse gases from the oil and gas sector.
Ottawa proposes such a cap under either of two approaches: regulations under the Canadian Environmental Protection Act (CEPA) to create a cap-and-trade system across oil and gas producers; or a higher carbon price and greater stringency for oil and gas facilities under the Greenhouse Gas Pollution Pricing Act (otherwise known as the federal carbon pricing “backstop.”)
