Letter from Canada: Federal government attempts emissions strategy
Federal carbon pricing options may allow the central government to outflank provincial opposition
The Trudeau government surprised the Canadian oil and gas sector in the middle of July. As part of its consultation process to impose hard emission caps on the sector, the federal government offered a choice of two carbon pricing options: a sector-specific cap-and-trade system, or a modified carbon pricing system. The ultimate goal of these two options appears to be to force a reduction in Canadian oil and gas production, while avoiding a successful constitutional challenge from the producing provinces. The provinces have jurisdiction over resource development, but the federal government has the right to impose carbon taxes to combat climate change, based on a Canadian Supreme Court decision

Also in this section
29 September 2023
This year’s WPC laid bare the dilemma facing the energy industry and the world at large, with warnings about the dangers of underinvestment in fossil fuels given the immaturity of alternatives
28 September 2023
Oil minister Oun sends out cautiously optimistic message on oil and gas outlook and says pilot project ready to unlock huge shale reserves key to further growth
27 September 2023
Regional industry body ANGEA remains bullish about Asia's adoption of gas and LNG, despite elevated prices and logistical challenges
26 September 2023
Half a century after the 1973 conflict, the world is dramatically different. But OPEC’s power remains