B.C. government to launch emissions cap on oil and gas sector

The B.C. government says it will introduce an emissions cap on fossil fuel production in the province as a backstop should a federal cap fall short in the coming years.

“While some want to see us shut down the entire industry and the good jobs that go with it, others want to rip up B.C.’s climate plan and abandon our pollution reduction targets,” Osborne said in a statement. To ensure compliance with the emissions cap, the government said it’s considering “absolute emission reductions; technology applications; verifiable trade-able carbon credits; verifiable carbon offsets; and compliance payments.

Jens Wieting, senior policy and science advisor from the Sierra Club of BC, said he was “very concerned” about the announcement, especially coming just a day after the Tilbury Marine Jetty Project received environmental certificates. Federal cap-and-trade system still in planning stages In December 2023, the Canadian government unveiled its regulatory framework for a proposed emissions cap on the oil and gas sector under a cap-and-trade system.

Facilities will be able to buy and sell emissions allowances on an emissions trading market, but there will be total upper limits on how much carbon pollution can be released.

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