The federal government is proposing to use an industry-specific cap-and-trade system or a modified carbon pricing system to set a ceiling for emissions from the oil and gas sector and drive them down almost 40 per cent by the end of this decade.
I am a political optimist by nature. I keep wanting to believe our federal government has turned a corner — that it has seen the light on the climate emergency and is ready to shift into high gear, writes columnist Seth Klein.
Canada’s new climate plan is banking on carbon capture to cut nearly 13 per cent of the oil and gas sector’s projected greenhouse gas emissions by 2030. But a new report reveals billions of public dollars already spent on the technology aren’t yielding substantial reductions.