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Lobby group says emissions cap would cost oil and gas sector $75B in lost investment
- If oil and gas drillers reduced greenhouse gas emissions by 40% by 2030, there could be a $75 billion decrease in capital investment over nine years, resulting in one million barrels less of daily production by 2030 and 51,000 fewer jobs by 2030.
- The report confirms that the government's proposed emission cap would indirectly limit fossil fuel production, aligning with the industry’s concerns.
- The study also considers the potential impact of methane regulations, projecting a 75% reduction in emissions by 2030, highlighting the uncertainty of these policies.
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26 Articles
26 Articles
Oil and gas lobby group says emissions cap could cost sector $75B in lost investment
A new report commissioned by an industry lobby group on the federal government's proposed emissions cap stirred up strong reactions from both oil and gas supporters and environmental groups on Monday.
·Ottawa, Canada
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Lobby group says emissions cap would cost oil and gas sector $75B in lost investment
A new report commissioned by an industry lobby group on the federal government’s proposed emissions cap stirred up strong reactions from both oil and gas supporters and environmental groups on Monday.
·Calgary, Canada
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Total News Sources26
Leaning Left19Leaning Right2Center4Last UpdatedBias Distribution76% Left
Bias Distribution
- 76% of the sources lean Left
76% Left
L 76%
C 16%
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