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Canada to unveil long-awaited plan for emissions cap on oil and gas sector - REUTERS
- Plan includes cap-and-trade system to incentivize pollution-cutting projects
- Alberta claims plan will drive up prices, cost jobs,and cut GDP
- Greenpeace says hard cap is vital to force investment in pollution reduction
OTTAWA, Nov 3 (Reuters) - Canada will on Monday unveil the details of its long-awaited plan to cap emissions of greenhouse gases from the oil and gas sector, an idea that the energy industry and some provinces strongly oppose.
A government announcement issued on Sunday said the draft plan would be released at 1 p.m. (1800 GMT) on Monday. Ottawa said last December the plan would be unveiled by the end of 2024.
The Liberal government wants the energy industry - Canada's highest-polluting sector - to cut emissions to 137 million metric tons, 37% below 2022 levels, by 2030.
