Critics weigh in on Canada's cap-and-trade framework for oil and gas sector

Published: 07 December 2023
on channel: Global News
15,092
33

Canada's proposal for a cap-and-trade plan on emissions is being met with mixed reactions, as oil and gas production remains a linchpin of the country's economy.

Oil production is predicted to jump by about 10 per cent in 2024 and reach an all-time high, according to S&P Global Commodity Insights.

Eric Sorensen looks at what industry critics and environmental advocates think about the draft regulations' potential impact.

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