Canada oil and gas emissions cap likely to curtail production, report says - Canada's proposed oil and gas emissions cap will prompt companies to cut production rather than invest in costly carbon capture and storage technology, according to a report by consultancy Deloitte and released by the Alberta government on Tuesday.
The emissions cap would likely result in 2030 oil production of 5.6 million bpd, around 10% lower than it would be without a cap, Deloitte projected. Gas production at the end of the decade would be roughly 2.2 billion cubic feet a day with an emissions cap, 12% lower than without one.That would lead to Canada losing 90,000 jobs and C$282 billion in GDP between 2030 and 2040, the report said.
Asked about the emissions cap on Tuesday, Federal Environment Minister Steven Guilbeault told reporters the government did not have jurisdiction to limit production.
A wildlife biologist saw a moose and decided to take a short video. “It ended up being a better video than I expected,” Wes Larson said.