Federal government unveils what it calls a 'strict' oil and gas cap to curb emissions

The Liberal government announced its regulatory framework for capping emissions in the oil and gas sector Thursday — a national cap-and-trade system that it says will set emissions limits without restricting production.

Federal government unveils what it calls a 'strict' oil and gas cap to curb emissions
Suncor's plant in the oilsands in Fort McMurray, Alta. In a net-zero emissions future, Canadian oil production is set to decline significantly, according to modeling done by the Canada Energy Regulator.

The Liberal government announced its regulatory framework for capping emissions in the oil and gas sector Thursday — a national cap-and-trade system that it says will set emissions limits without restricting production.