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Climate groups welcome emissions cap, energy sector calls it 'unacceptable'

Canada Orders Emissions Cuts Up to 38% for Oil and Gas Firms

(Bloomberg) Canada will require its oil and gas industry to cut emissions to 35% to 38% below 2019 levels in six years in what the government is calling a historic first for a major fossil-fuel producing country.Most Read from BloombergElon Musk's SpaceX Valued at $175 Billion or More in Tender OfferAI Powers Nasdaq 100 Rebound as Tech Storms Back: Markets WrapApple Readies New iPads and M3 MacBook Air to Combat Sales SlumpHarvard, Penn Heads Walk Back Genocide Answers After BacklashBiden Mov

'Necessary,' 'unacceptable, 'punitive': Range of reaction to emissions cap

Ottawa to order emissions cuts up to 38% for oil and gas companies

Canada will require its oil and gas industry to cut emissions to 35% to 38% below 2019 levels in six years in a historic first. Read on.

New federal oil and gas cap will cost Canada $6B annually, says Montreal Economic Institute

Given that B.C. proposes its own provincial emissions cap for oil and gas, it’s not clear yet what impact the new federal caps will have on B.C.’s LNG and natural gas sector.