A robust and ambitious MEDIA - Cap on Emissions BACKGROUNDER - from the oil and gas

A robust and ambitious MEDIA Cap on Emissions BACKGROUNDER June 9, 2022 f rom the oil and gas i ndustry comms@climateactio nnet Context The Government of Canada is currently developing a new policy that could drastically reduce emissions and allow Canada to meet its domestic and international climate targets: a decreasing cap on greenhouse gas emissions (GHG) from the oil and gas sector. [...] Benefits of capping emissions from Canada’s oil and gas sector ● It is evident that provincial policies regulating oil and gas sector emissions are not up to the task, because the sector’s emissions have continued to rise. [...] ● Capping oil and gas emissions is necessary for Canada to reach its domestic and international climate targets, and reduce the worst impacts of the climate crisis. [...] Furthermore, the 2025 and 2030 targets should be announced before the end of the year in order to send immediate and clear signals to the industry. [...] Though the plan did not include a binding target for the emissions cap, it did include a projected contribution from the oil and gas sector, which serves as an indication of what the government is considering for the emissions cap.