CAPP supports a climate policy regime in Alberta that maintains a vibrant and competitive oil and natural gas sector while efficiently and effectively manages GHG emissions. To this end, CAPP has developed the following principles to guide climate policy development:
- Balanced "3E" policy should deliver economic growth, environmental protection, and a secure and reliable energy supply.
- Policy should stimulate and support investment in the technologies and innovations necessary to reduce in GHG emissions in Canada.
- Policy should be designed to drive efficient actions required to achieve technology and innovation objectives.
- Predictable policy built on stable principles should support long-term capital investments in the upstream oil and natural gas sector and create jobs for Canadians.
- Policy should maintain competitiveness of Canadian industry, ensure compatibility with major trading and economic partners (particularly with the United States, our largest trading partner and competitor), and compliance should be achievable within the context of growing production.
- Policy should be harmonized across jurisdictions within Canada, to an extent that is both reasonable and practical, and achieves tangible benefit for Albertans and Canadians.
- Policy should recognize the unique and complex nature of Alberta’s economy and resource base, necessitating a “made for Alberta” focus.
Alberta’s climate policy should be driven in large part by a target for technology and innovation investments over a specified time frame. Our Province’s contribution to Canada’s national climate change goals are best expressed through our continued focus on technology, innovation as well as greenhouse gas emissions reductions.
Supporting and enabling the development and adoption of cost-effective technologies to reduce emissions is the optimal path for the government of Alberta to continue to promote investment, jobs, oil and natural gas sector growth, and lowering GHG emissions.
Substantial emission reductions have already been achieved as the result of technology investment and adoption across the oil and natural gas sector in Alberta. Climate policy should be designed to focus on emissions intensity reductions, enhance technology investment and deployment, enable flexible compliance options, and prioritize economic competitiveness in order to simultaneously grow the sector and achieve our targets for technology investments and emissions performance.
Alberta needs to be both a stronger world leader in the fight against climate change and a more competitive place to invest in oil and gas. The keys to finding this balance is a “made for Alberta” policy solution that includes a focus on technology.
Through government, industry and public leadership, technology will be developed and implemented to lower emissions while enhancing Alberta’s competiveness. Other opportunities include a robust and competitive industry/government methane emissions reduction program, removing barriers to expanding cogeneration and more optimal use of Alberta’s natural gas for electricity generation.
CAPP anticipates further and deeper consultations with the government of Alberta and the Climate Change Advisory Panel on the development of policies to further address the issues and opportunities related to climate change. Again, we appreciate the opportunity to participate in the consultation process. Should you have any questions or need more information from us, do not hesitate to contact us.