Energy Minister Tim Hodgson said he won’t negotiate “through the media” when asked about reports that Ottawa may scrap the oil and gas emissions cap.
Recent articles by Reuters and the Toronto Star citing anonymous sources said that the federal government is considering dropping the oil and gas emissions cap in return for Alberta committing to carbon capture and decarbonization measures.
The federal government introduced the oil and gas emissions cap in December 2023, which applies to the exploration and production of oil and gas. The proposed law requires greenhouse gas emissions to be reduced by 35 percent below 2019 levels by 2030, allowing companies to exceed the limit if they buy offset credits or contribute funds toward decarbonization….