Report says oil cheaper to leave in the ground under Trudeau’s emissions cap

Throwing good money after bad. Even with carbon capture and storage (CCS).

That’s the position Alberta’s oil companies would find themselves in under Ottawa’s proposed emissions cap, according to a new report from Deloitte Canada.

According to the national consulting firm, the emissions rules would make it more economical to simply leave barrels in the ground, costing the Canadian economy $282 billion in lost GDP over 10 years — $191 billion in Alberta alone.