Canada lays out two options for oil and gas industry emissions cap

  • 📰 nationalpost
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 80%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Cap\u002Dand\u002Dtrade system and another option that would impose a steeper carbon price on the sector. Read on for more

Environment Minister Steven Guilbeault published a discussion paper on Monday that outlined two regulatory options.

The first is a cap-and-trade system that would see a set number of allowances distributed to all oil and gas facilities. Lower-emitting facilities would then be allowed to trade allowances with higher-emitting ones. The total allowances would decline over time in line with the emissions cap for the sector.

The other option would impose a steeper carbon price on the sector to drive down emissions, and require provincial governments with their own carbon pricing systems to make the same changes. “Both options could include some time-limited flexibilities to reflect the timelines of major emission reduction projects,” the government said in a background document to the discussion paper.Article content

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Groper Trudeau and “The Human Fly” Guillbeault are pushing Alberta to the brink. The next Alberta Premier will move Alberta toward separation, which has the Quebecois licking their chops.

Not Canada just liberal mafia of environmental tteerroorriissttss

What about BC’s coal exports, largest in North America, which are exempt from carbon taxes or caps? Does coal only contribute to emissions if burned in Canada? Or is this all Liberal political BS?

Will the cement plant in Easter Canada be part of this? Of course not, even though they are a huge carbon emitter.

Corporations, picked CO2, even though it's one of the least deadly pollutants they release hourly! It was chosen because they can make a profit & pass all costs to the poor, while pretending they care and are helping!

Alberta & the Oil Sands need to go nuclear.

Climate bedwetters forced unsustainable Green energy programs on Sri Lanka collapsing the Sri Lankan economy. Canada is heading in the same direction with eco-terrorists like MP Steven Guilbeault creating government policy.UnevenSteven EcoTerroristMP Unfit4HOC 1ClimateGrifter

This ladies and gentlemen, is exactly what happens when you elect activists and ideologically driven demagogues to run your country. It’s obvious the world needs O&G from “political clean” countries like Canada. Instead the world will get their O&G from RUS, KSA and Nigeria.

Canada is following the same path the Germans did despite it being a disaster there. I am beginning to think this isn’t about emissions as much as it is about trudeau trying to inflict as much damage to Alberta and our energy sector as he can before he is turfed from office.

Can you say fuckoff

I prefer the steeper carbon price which is used in carbon tax anyway. One less complicated measure to drive down emissions, using existing systems. Monitoring, enforcing and maintaining caps mean additional administrative efforts and costs.

TrudeauNationalDisgrace

- JustinTrudeau and s_guilbeault are clearly enemies of Canadian prosperity and are more destructive to our society than climate change will ever be. cdnpoli

Canada represents 1.6% of the entire planets emissions , we here in Canada are par none the most environmentally responsible harvesters of FF,s on the planet , it would be easier to get rid of Justin Trudeau and all his ridiculous.

What viable and affordable green tech is available for me to switch to? Thanks.

Singapore Singapore Latest News, Singapore Singapore Headlines