It is the first glimpse Canadians are getting of how the Liberals expect to implement the oil and gas emissions cap promised in last year's election. "We simply cannot ignore the fact that the oil and gas sector is Canada's biggest emitter," Guilbeault said in April during a House of Commons committee meeting studying the proposed emissions cap on oil and gas. What Guilbeault didn't say then, and what the discussion paper doesn't say now, is what the specific emissions cap will be. The oil and gas sector has not had emissions that low since 1992. The first proposed option involves a new cap-and-trade system on the oil and gas sector in isolation.

Source: CBC News July 17, 2022 21:47 UTC