About The Submission:
Of the two options put forward in the ECCC discussion paper for the oil and gas emissions cap, the cap and trade approach provides more certainty and is the stronger option out of the two. A well-designed cap with a prescribed trajectory to achieve zero emissions by 2050 would provide predictability to industry, workers, and communities. This in turn will drive innovation and private investments, and will lower the risk of creating stranded assets and dead-end approaches.
