The findings align with what the energy sector has long been saying — that Ottawa's proposed cap on emissions will amount to a de facto cap on fossil fuel production.
Mackenzie Gray has a reality check on whether Canada is actually on track to meet its emission reduction targets – May 2, 2024Federal government unveils emissions cap on oil and gas sectorStory continues below advertisement
The findings align with what Canada’s oil and gas sector has long been saying — that the federal government’s proposed cap on emissions from the industry will amount to a de facto cap on fossil fuel production. Under the proposed framework, the sector would have to cut greenhouse gas emissions by 35 to 38 per cent from 2019 levels by 2030.
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