CAPP Comments on Federal Carbon Pricing Backstop
June 30, 2017
We appreciate the opportunity to submit comments regarding the technical paper on the Federal Carbon Pricing Backstop, as detailed in the technical paper released in May 2017.
Given the important role the oil and natural gas industry plays in Canada’s economy, it is critical to address climate policy with balanced and pragmatic solutions that allow for growth in investment and jobs while continuing tor educe greenhouse gas (GHG) emissions. CAPP supports a climate policy regime in Canada that maintains a vibrant and competitive oil and natural gas sector while efficiently and effectively managing GHG emissions.
CAPP looks forward to working with government on the development of the federal carbon pricing backstop regulations. We note the proposed policy could have a significant impact on the upstream oil and natural gas sector and we urge government to take the necessary time to consider and develop the regulations.