Canada To Unveil Long Awaited Plan For Emissions Cap On Oil And Gas Sector

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Canada to unveil long-awaited plan for emissions cap on oil and gas sector
Canada to unveil long-awaited plan for emissions cap on oil and gas sector from

Canada to unveil long-awaited plan for emissions cap on oil and gas sector

Government to announce details of plan to reduce greenhouse gas emissions from industry

Move comes as Canada faces pressure to take action on climate change

Canada is set to unveil a long-awaited plan to cap greenhouse gas emissions from the oil and gas sector, a move that comes as the country faces increasing pressure to take action on climate change. The plan, which is expected to be announced on Tuesday, will set a limit on the amount of emissions that the sector can produce. The government has said that the cap will be "stringent" and will help Canada meet its climate targets. The oil and gas sector is Canada's largest source of greenhouse gas emissions, accounting for about 26% of the country's total emissions. The sector has been under increasing pressure to reduce its emissions, as Canada has pledged to cut its emissions by 40% below 2005 levels by 2030. The government has said that the cap will be phased in over time, and that it will provide financial support to companies that invest in emissions-reducing technologies. The plan is expected to be welcomed by environmental groups, who have been calling for a cap on emissions from the oil and gas sector. However, the plan is likely to face opposition from the industry, which has argued that a cap would hurt the economy. The government has said that it is committed to working with the industry to implement the plan in a way that minimizes the impact on the economy.