Emissions cap could hurt Trans Mountain pipeline's sale price: Calgary Chamber

CALGARY — The Calgary Chamber of Commerce is warning Ottawa that its proposed cap on emissions from the oil and gas sector could compromise the valuation and sale of the Trans Mountain pipeline.

The federal government published its regulatory framework for a proposed cap on emissions from the oil and gas sector in December last year and the industry has been fighting tooth-and-nail against it.The government has said that under its proposed plan, the oil and gas industry will have to cut emissions by more than one-third by 2030 or buy offset credits.

The Chamber added the uncertainty around the proposed emissions cap is coming at the same time the federal government has embarked on the first phase of what is expected to be a two-part divestment process for the Trans Mountain pipeline. As for its proposed emissions cap, the federal government has said the limit it ultimately legislates will take into account what is technically achievable, as well as the forecasted global demand for oil and gas.

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