About The Submission:
The emissions cap is a key tool in reducing greenhouse gas emissions in Canada. The federal government has to get it right urgently to ensure that it is as effective as possible. Although the release of the emissions cap framework was significant, there are some concerning elements proposed in the design of the cap:
1. The proposed regulatory development timeline, with the regulations only coming into force in 2026.
2. The proposed 2030 target is much lower than what it needs to be to ensure that oil and gas companies are doing their fair share to meet Canada’s climate targets.
3.The inclusion of loopholes in the emissions cap framework, which allow oil and gas companies to avoid having to make greenhouse gas emissions reductions from their own operations.
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