New outlook on oil production likely pushes 'bite’ of Alberta carbon cap beyond 2040

Last week, the NDP government in Alberta tabled Bill 25, to advance the imposition of an annual cap of 100 megatonnes (MT) for greenhouse gases from the oilsands, making Alberta the first major oil producing region to institute such a cap. Based on current production and greenhouse gas emissions, the cap ostensibly leaves enough room for oilsands GHG emissions to increase by 50 per cent from current levels.We had previously been critical of the cap. Based on the data available at the time we did our first analysis of the cap’s likely impacts and costs, we concluded that the cap

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