NICKEL BELT – GREATER SUDBURY -  July 19^th, 2022 -  Marc G. Serré, MP for Nickel Belt shares that consultations have opened for capping and cutting emissions from the oil and gas sector. This comes following the publication of a discussion paper which was released on June 18^th. The discussion paper outlines two options to establish the cap:

-A cap-and-trade system under the Canadian Environmental Protection Act that sets regulated limits on emissions from the sector; and

-Modifying the carbon pricing benchmark requirements for heavy emitters to create price-driven incentives to reduce emissions to levels corresponding to the cap.

Interested parties are invited to submit responses to the discussion paper by September 30, 2022.

More information can be found here: Government of Canada outlines next steps to develop an oil and gas emissions cap

For further details:
Matthew Ierino,
Special Assistant
Marc G. Serré,
MP Nickel Belt
[email protected]
705-507-2416