Ottawa set to announce cap-and-trade framework to reduce emissions in oil and gas sector
The federal government will unveil its oil and gas emissions cap framework on Thursday, a senior government official told CBC News. The framework will be implemented through a cap-and-trade system, the official said.
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![Brent oil prices fell earlier this week to their lowest since 2010, after key Middle East producers signalled they would keep output high even if that meant lower prices. Key world prices have declined nearly 25 percent since June. A worker in a yellow jacket and work boots walks in front of an oil refinery.](https://i.cbc.ca/1.2802092.1701895132!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/markets-oil.jpg)
The federal government will unveil its oil and gas emissions cap framework on Thursday, a senior government official told CBC News. The framework will be implemented through a cap-and-trade system, the official said.