Trudeau Mandates 35% Emission Cuts from Oil and Gas Sector

Reported 21 days ago

Prime Minister Justin Trudeau has announced a plan requiring Canada's oil and gas industry to reduce emissions by 35% from 2019 levels by implementing a cap-and-trade system. This initiative, aimed at reaching net-zero emissions by 2050, has sparked backlash from provinces like Alberta, with leaders threatening legal challenges. The plan includes incentives for companies to invest in pollution-reducing projects, but criticisms arise over its potential impact on the economy and energy prices, while the government maintains growth in production levels.

Source: YAHOO

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