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 fossil fuel production by one million barrels per day by 2030.
CAPP says that would translate to one million barrels of oil equivalent lower production per day in 2030 compared with current forecasts, and 51,000 fewer jobs by 2030 than under existing government policies.Under the federal government's draft framework for its promised cap on emissions from oil and gas production, the sector would have to cut greenhouse gas emissions by 35 to 38 per cent from 2019 levels by 2030.
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