Caps on Oil and Gas Industry Will Have Little Impact on Global Emissions: Report

Caps on Oil and Gas Industry Will Have Little Impact on Global Emissions: Report
A new report from the Fraser Institute says planned caps on the oil industry will hurt the country's economy. Jeff McIntosh/The Canadian Press
Doug Lett
Updated:
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A new report is questioning the federal government’s planned cap on greenhouse gas (GHG) emissions from the oil and gas sector. The report, released on June 1 by the Fraser Institute, says the plan will cost the country billions of dollars in lost revenue and have almost no impact on GHG emissions globally.

The federal plan calls for GHG emissions from oil and gas production to be reduced by 31 percent from 2005 levels by the year 2030.

Doug Lett
Doug Lett
Author
Doug Lett is a former news manager with both Global News and CTV, and has held a variety of other positions in the news industry.
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