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Five things to know about the proposed emissions cap on oil and gas production

  • Canada proposed a greenhouse gas emissions cap-and-trade system for the oil and gas sector to reduce emissions by 27% below 2026 levels or 35% below 2019 levels.
  • Environment Minister Steven Guilbeault stated that Canada's oil and gas sector produces "more than double the combined pollution from all other heavy and light industries.”
  • Environmental groups described the proposed regulations as "a historic first" and "good news" for tackling climate change.
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