CP NewsAlert: Oil and gas emissions cap coming Thursday, targets 2026 start date

By The Canadian Press on December 6, 2023.

Minister of Environment and Climate Change Steven Guilbeault speaks during a media availability on Parliament Hill in Ottawa, on Monday, Nov. 27, 2023. Canada is poised to outline on Thursday a federal emissions cap on the oil and gas sector using a cap-and-trade framework that would begin no earlier than 2026, says a federal government source. THE CANADIAN PRESS/Justin Tang

OTTAWA – Canada is poised to outline a federal emissions cap on the oil and gas sector using a cap-and-trade framework that would begin as early as 2026, says a federal government source.

The source, who spoke on the condition of anonymity to discuss matters not yet made public, tells The Canadian Press that a framework for the cap will be published Thursday, with draft regulations now expected by mid-2024.

More coming.

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