Energy sector fears higher costs under new carbon pricing system

The federal government says it plans to implement its oil and gas emissions cap through a new carbon pricing system, leaving the sector worried it will be charged more for greenhouse gas emissions than other heavy industries.

The Alberta government, federal Conservatives and some industry groups have warned the proposed cap would lead to a de facto production cut if emissions reductions can’t be met by technology changes. Mark Cameron of the alliance said on Monday the group was studying Ottawa’s proposed options. But he’s worried that whatever tool the federal government chooses could leave the oil and gas sector facing higher carbon prices and fewer compliance options than other industrial sectors.

Under the proposed cap, the federal government would impose a sector-specific emissions ceiling that would continually decrease in five-year increments. The pledge is part of Canada’s plan to slash emissions by at least 40 per cent below 2005 levels by 2030 and reach net-zero emissions by 2050. Mr. Guilbeault noted the record heat wave disrupting daily life in Europe and the wildfires scorching parts of British Columbia as the latest reminders of the importance of tackling climate change. “How many more examples of the impacts of climate change do some provinces need to have?” he asked.

Please pay special attention to decrease frustrating delays in processing times for SOWP at Ankara_office for Iran as well as massive backlogs. OWP_processing_time_for_Iranian SeanFraserMP JustinTrudeau CitImmCanada CBCCanada

This will be Trudeau instead of Biden in a few years if Canada does not develop a comprehensive energy policy

I fear higher costs too. For myself. I know how it works. Govt force higher costs on corps and corps pass them onto us. The govt is usinga sneaky method to whack us with higher energy costs - on top of carbons taxes. And, note that with this method, they do not need rebate

No fucking shit.

Duh

Poor babies 👶

They can use some of their astronomical profits to pay for it.

This is what fracked up leadership brings. Worry uncertainty and fear. That leads to companies pulling out of investments

'Energy sector' is code for 'Fossil fuels sector', right?

Deaths from fossil fuel emissions higher than previously thought Fossil fuel air pollution responsible for more than 8 million people worldwide in 2018 February 9, 2021

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