An oil and gas lobby group says the federal government’s proposed emissions cap on the sector combined with its stringent targets for methane reduction could reduce Canada’s non-oilsands fossil fuel production by one million barrels per day by 2030.
The Canadian Association of Petroleum Producers says it commissioned a study by S&P Global Commodity Insights to see what the economic impact of various proposed emissions-reducing policies would be on Canada’s conventional, or non-oilsands, oil and gas producers.
