Americas > Canadian oil and gas emissions intensity down 34%, GDP takes C$247 bln hit by 2035 from stringent emissions cap –report

Canadian oil and gas emissions intensity down 34%, GDP takes C$247 bln hit by 2035 from stringent emissions cap –report

Published 02:39 on May 28, 2024  /  Last updated at 02:39 on May 28, 2024  / Joan Pinto /  Americas, Canada

A mandated 55% emissions cap for Canada’s oil and gas sector by 2035 would entail lower production and a C$247 billion hit to GDP, according to a study commissioned by a fossil fuel industry trade group.
A mandated 55% emissions cap for Canada’s oil and gas sector by 2035 would entail lower production and a C$247 billion hit to GDP, according to a study commissioned by a fossil fuel industry trade group.


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