Emissions cap in Alberta—high cost, little benefit

The Alberta government plans to cap greenhouse gas (GHG) emissions in the province at 100 megatonnes (Mt) annually.But before understanding the potential impacts of the cap, we need to understand how oilsands production might grow in the future. The National Energy Board (NEB) recently forecasted that oilsands production could more than double, from 2.30 million barrels per day in 2014 to 4.76 million barrels per day in 2040. Of course, this additional production could provide Albertans and Canadians with immense economic benefits including higher royalty revenues for governments.But an emissions cap may jeopardize some of this potential future oilsands production.

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