CAPP’s Climate Change Policy Principles 

Balance

Balanced “3E” policy should deliver Economic growth, Environmental protection, and a secure and reliable Energy supply.

Efficiency

Policy should be designed to drive efficient actions required to achieve emission objectives.

Technology

Policy should stimulate investment in the technologies necessary for significant reductions in GHG emissions in Canada.

Predictability and Stability

Predictable policy built on stable principles should support long term capital investments in the upstream oil and gas sector and create jobs for Canadians.

Competitiveness

Policy should maintain competitiveness of Canadian industry, ensure compatibility with major trading and economic partners (particularly with the U.S., our largest trading partner), and compliance should be achievable within the context of growing production.

Distributional Fairness

Policy should distribute cost burden equitably among sectors and jurisdictions across the economy.

Harmonization

Policy should be harmonized across jurisdictions within Canada, to an extent that is reasonable and practical.

Administrative Simplicity

Policy should be simple and minimize the administrative burden on industry to the greatest extent possible.