The federal government has released a discussion paper outlining two options to cut emissions from the oil and gas sector to achieve 2030 targets and net zero by 2050, and is calling on stakeholders to provide input.
The two options proposed by the Liberal government include the development of a new cap-and-trade system and the modification of existing carbon pollution pricing systems.
“True global energy security and affordability can only come with reduced emissions,” said Environment Minister Steven Guilbeault in a July 18 statement announcing the paper.
“With this cap, we will work with industry, provinces, Indigenous groups, civil society, and others to take action on drawing down the emissions from oil and gas production.”…