Well, there you have it, folks. The hulking leviathan that is Canada’s climate regime is set to grow one size bigger next year with the addition of a cap-and-trade system to loom over the oil and gas industry.
The plan: cut the sector’s emissions by 35 to 38 per cent below 2019 levels by 2030 — without cutting production. Liberal members of government at Thursday’s announcement of the scheme would have you believe this is achievable, in the same way a miracle diet might promise extreme weight loss without cutting calorie intake.
