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Published 2 months ago

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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CTV NewsCTV News

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.

2 months ago·Canada
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CBC NewsCBC News

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.

2 months ago·Canada
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Global NewsGlobal News

Emissions cap could cost oil and gas sector $75B in lost investment: CAPP

The findings align with what the energy sector has long been saying — that Ottawa's proposed cap on emissions will amount to a de facto cap on fossil fuel production.

2 months ago·Toronto, Canada
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Winnipeg Free PressWinnipeg Free Press

Lobby group says emissions cap would cost oil and gas sector $75B in lost investment

CALGARY – An oil and gas lobby group says the federal government’s proposed emissions cap on the sector combined with its stringent targets for methane reduction could reduce Canada’s non-oilsands […]

2 months ago·Winnipeg, Canada
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The Epoch TimesThe Epoch Times

Lobby Group Says Emissions Cap Would Cost Oil and Gas Sector $75B in Lost Investment

An oil and gas lobby group says the federal government’s proposed emissions cap on the sector combined with its stringent targets for methane reduction could reduce Canada’s non-oilsands fossil fuel production by one million barrels per day by 2030. The Canadian Association of Petroleum Producers says it commissioned a study by S&P Global Commodity Insights to see what the economic impact of various proposed emissions-reducing policies would be …

2 months ago·New York, United States
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Coast ReporterCoast Reporter

Lobby group says emissions cap could cost oil and gas sector $75B in lost investment

CALGARY — 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.

2 months ago·Sechelt, Canada
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