FroM tHe ArTIclE
In November, they introduced draft regulations — two years behind schedule — that require producers to cut emissions by about one-third over the next eight years, and said that the regulations did not place a cap on production.
The federal government also proposed a cap-and-trade system where each company would be given an emissions allowance equating to one unit per tonne of carbon pollution. Companies that pollute less would be able to sell their leftover allowance units for profit, while companies that don’t reduce their emissions enough would have to buy allowance units from other companies to stay in compliance.
“We want that energy. What we don’t want is that pollution,” Duguid said in an interview with The Canadian Press.
The Liberals have said repeatedly they aren’t capping production, just the emissions that come from it - a bid to force companies to invest in technology to produce the fuels more cleanly. But industry leaders and conservative politicians insist the targets are too stringent and can’t be met without capping production.
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