CAPP Statement on Alberta Government’s action opposing the emissions cap

“We appreciate the ongoing support for the oil and natural gas industry from the Alberta government and we agree that Ottawa’s emissions cap is a cap on our economy and our prosperity. This punitive policy, layered on top of an already complex web of energy and climate regulations, threatens to reduce oil and natural gas production in Canada and restrict cross-border energy trade. These challenges are especially significant given Canada’s current struggles with productivity, competitiveness, and affordability, compounded by a new incoming U.S. administration considering 25% tariffs on all Canadian imports. CAPP encourages the federal government to scrap its emissions cap and work with the provinces to foster growth in one of the country’s largest industries—benefiting all Canadians—while continuing to incentivize emissions reductions, rather than pursuing aggressive climate policy at the highest cost to Canadians.”