CALGARY - An oil and gas lobby group says the federal government's proposed emissions cap on the sector combined with its stringent targets for methane reduction could reduce Canada's non-oilsands fossil fuel production by one million barrels per day by 2030. Read this article for free: Already have an account? To continue reading, please subscribe: * CALGARY - An oil and gas lobby group says the federal government's proposed emissions cap on the sector combined with its stringent targets for methane reduction could reduce Canada's non-oilsands fossil fuel production by one million barrels per day by 2030. Read unlimited articles for free today: Already have an account? CALGARY – An oil and gas lobby group says the federal government’s proposed emissions cap on the sector combined with its stringent targets for methane reduction could reduce Canada’s non-oilsands fossil fuel production by one million barrels per day by 2030.
The Canadian Association of Petroleum Producers says it commissioned a study by S&P Global Commodity Insights to see what the economic impact of various proposed emissions-reducing policies would be on Canada’s conventional, or non-oilsands, oil and gas producers. The study says in the event that oil and gas drillers could be required to cut greenhouse gas emissions by 40 per cent by 2030, the industry could see $75 billion less in capital investment over the course of the next nine years compared with current policy conditions. CAPP says that wou.
