Oilsands emissions cap—high cost, little benefit

The Alberta government is currently in the process of implementing a 100 megatonne cap on greenhouse (GHG) emissions from oilsands production. A recent Fraser Institute study finds that this policy could come at a high cost and result in only minimal environmental benefit.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.This additional production could provide Albertans and Canadians with

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