Canada to unveil long-awaited plan for emissions cap on oil and gas sector – REUTERS
Plan includes cap-and-trade system to incentivize pollution-cutting projects
Alberta claims plan will drive up prices, cost jobs,and cut GDP
Greenpeace says hard cap is vital to force investment in pollution reduction
Canada will on Monday unveil the details of its long-awaited plan to cap emissions of greenhouse gases from the oil and gas sector, an idea that the energy industry and some provinces strongly oppose.
A government announcement issued on Sunday said the draft plan would be released at 1 p.m. (1800 GMT) on Monday.
Ottawa said last December the plan would be unveiled by the end of 2024.
The Liberal government wants the energy industry – Canada’s highest-polluting sector – to cut emissions to 137 million metric tons, 37% below 2022 levels, by 2030.
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