Canadian prime minister Justin Trudeau
Letter from Canada: Federal government attempts emissions strategy
Federal carbon pricing options may allow the central government to outflank provincial opposition
The Trudeau government surprised the Canadian oil and gas sector in the middle of July. As part of its consultation process to impose hard emission caps on the sector, the federal government offered a choice of two carbon pricing options: a sector-specific cap-and-trade system, or a modified carbon pricing system. The ultimate goal of these two options appears to be to force a reduction in Canadian oil and gas production, while avoiding a successful constitutional challenge from the producing provinces. The provinces have jurisdiction over resource development, but the federal government has the right to impose carbon taxes to combat climate change, based on a Canadian Supreme Court decision
Also in this section
8 December 2023
The US oil major is leveraging its skillset to develop a low-carbon portfolio spanning CCS and blue hydrogen to lithium for EV batteries
8 December 2023
Insisting that profitability must be maintained as energy companies transition from fossil fuels to clean fuels has enabled Repsol to ratchet up its climate neutrality ambitions, making the company an industry leader.
6 December 2023
The threat of a big disruption to energy trade in the Middle East appears to be receding, but the fog of war is casting doubt on projects in the region
