CO2 Management > CCUS > Canadian gov’t watchdog assumes production cuts, compliance cost at C$800/t under oil and gas emissions cap

Canadian gov’t watchdog assumes production cuts, compliance cost at C$800/t under oil and gas emissions cap

Published 01:43 on March 18, 2025 / Last updated at 01:43 on March 18, 2025 / / Americas (US & Canada), CO2 Management (CCUS, Engineered Removals), Net Zero Transition (Industrial Decarbonisation)

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The Canadian Parliamentary Budget Officer (PBO) assumed the oil and gas industry would cut production rather than mitigate emissions under a proposed emissions cap, which they expect could result in compliance costs of nearly C$800 ($560) per tonne of CO2e, well below environment ministry projections.
The Canadian Parliamentary Budget Officer (PBO) assumed the oil and gas industry would cut production rather than mitigate emissions under a proposed emissions cap, which they expect could result in compliance costs of nearly C$800 ($560) per tonne of CO2e, well below environment ministry projections.


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