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.

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. The sector would also have the option to buy offset credits or contribute to a decarbonization fund that would lower that requirement to cutting just 20 to 23 per cent.

A record was broken ahead of the Memorial Day weekend for the number of airline travellers screened at U.S. airports, the Transportation Security Administration said Saturday.A series of powerful storms swept over the central and southern U.S. over the Memorial Day holiday weekend, killing at least 21 people and leaving a wide trail of destroyed homes, businesses and power outages.

It’s the chance of a lifetime for a group of Ottawa athletes who are getting ready to represent Team Canada at the World Junior Ultimate championships in the United Kingdom.Parishioners at Holy Trinity Anglican Church are praying for a monetary miracle, as their historic place of worship could collapse at any moment.New gold mine in northern Ontario could become biggest in Canada

Four people face over 500 charges related to a major drugs and firearms bust in Tyendinaga Township in eastern Ontario.Alstom is hitting the brakes on redesigning the wheel hub assembly on Ottawa's LRT vehicles, which was once billed as a "final fix" to a problem that has caused at least three shutdowns on the Confederation Line over the past three years.

There was not much in the way of wet weather this past weekend in the Maritimes, and more widespread rain and showers are expected Tuesday.Blasting at Halifax Infirmary's construction site could cause vibrations, increased noise for local residents until October

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Lobby group says emissions cap would cost oil and gas sector $75B in lost investmentCALGARY — An oil and gas lobby group says the federal government's proposed emissions cap on the sector combined with its stringent targets for methane...
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