Canadian Chamber Statement on Oil and Gas Cap Announcement

Today’s announcement of the draft emissions cap regulations threaten to make Canada’s climate policies more fragmented and less competitive, leading to a costly and disjointed approach to emissions reduction. Such restrictions on oil and gas production could hinder energy trade, jeopardizing our shared economic and security interests.

This proposed cap is unnecessary and lacks meaningful support from both political and industry stakeholders. Without a solid foundation of backing and buy-in, it could create uncertainty in the energy market, discourage investment, and undermine the stability that businesses and consumers depend on.

As Canada’s economy stagnates and concerns over productivity, energy security, and affordability rise, enforcing an emissions cap on the oil and gas sector would only exacerbate the financial burden on Canadians. Effective climate action requires a strong economy—something this cap fundamentally undermines. 

Bryan Detchou
Senior Director, Natural Resources, Environment & Sustainability

About the Canadian Chamber of Commerce — The Future of Business Success 

The Canadian Chamber of Commerce is Canada’s largest and most activated business network — representing over 400 chambers of commerce and boards of trade and more than 200,000 business of all sizes, from all sectors of the economy and from every part of the country — working to create the conditions for our collective success. The Canadian Chamber of Commerce is the undisputed champion and catalyst for the future of business success. From working with government on economy-friendly policy to providing services that inform commerce and enable trade, we give each of our members more of what they need to succeed: insight into markets, competitors and trends, influence over the decisions and policies that drive business success and impact on business and economic performance.   

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