Canadians expect responsible development of our oil and gas resources. CAPP believes there are key principles that should guide the development of climate policy in Canada.
Balance
Balanced “3E” climate policy delivers Economic growth, Environmental protection, and a secure and reliable Energy supply.
Technology
Policy should stimulate investment in the technologies necessary for significant reductions in GHG emissions in Canada.
Predictability and Stability
A predictable and stable policy supports long term capital investments in our sector and creates jobs for Canadians.
Compatibility
Policy compatibility with major trading and economic partners (particularly with the U.S., our largest trading partner) maintains Canada’s competitiveness.
Harmonization
It is important to attain policy harmonization across jurisdictions within Canada, to an extent that is reasonable and practical.