Americas > Canadian emissions cap would curtail oil and gas production, reduce GDP by C$282 bln over 10 years

Canadian emissions cap would curtail oil and gas production, reduce GDP by C$282 bln over 10 years

Published 00:56 on June 19, 2024  /  Last updated at 00:56 on June 19, 2024  / Allison Gacad /  Americas, Canada

Under a Canadian emissions cap, oil and gas producers would reduce output rather than invest in carbon capture and sequestration (CCS), resulting in a C$282 billion ($205 billion) decline in GDP over the next 10 years, according to a report commissioned by the province of Alberta.
Under a Canadian emissions cap, oil and gas producers would reduce output rather than invest in carbon capture and sequestration (CCS), resulting in a C$282 billion ($205 billion) decline in GDP over the next 10 years, according to a report commissioned by the province of Alberta.


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