Canadian oil executives have spoken out against a proposed cap on carbon dioxide emissions from oil and gas production, arguing that it is unnecessary and could lead to a reduction in production.
The chief executives of Canadian oil sands producers have spoken against plans by the federal government to impose a cap on carbon dioxide emissions from oil and gas production. Speaking at a House of Commons committee hearing, the CEOs of Suncor, Imperial Oil, Cenovus Energy, Shell, and Enbridge, said the cap was unnecessary legislation, according to a Reuters report.
The federal government’s plan, first released at the end of last year, calls for a reduction in emissions from 171 million tons in 2019 to between 106 and 112 million tons by 2030. “The world will not consume one less barrel of oil simply because Canada chooses not to provide it.
Carbon Emissions Canada Oil Sands Fossil Fuels Climate Change Energy Policy Greenhouse Gas Emissions Environment Pollution
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