Statement regarding the federal government’s announcement of the oil and gas cap framework

We’re concerned about the Government’s decision to pursue an Oil and Gas Emissions Cap without adequately considering industry concerns. The proposed emissions cap will make Canada uncompetitive in the fight for the global capital that actually encourages investment in net-zero technologies, some of which do not yet exist at scale in the market. We shouldn’t be the jurisdiction with the least attractive fiscal policies for decarbonization.

We need a strategy that balances our decarbonization plan with economic growth, and we’ll only get that through collaboration between the government, provincial authorities, and industry. Canada’s net-zero ambition won’t be possible without the private sector investing in decarbonization and the broader energy transition.

If we truly want to scale up decarbonization initiatives, reduce emissions, create jobs and support Indigenous economic reconciliation, our fiscal policies need to reflect the realities of the energy transition and the need for a robust economy.

Bryan N. Detchou, Senior Director, Natural Resources, Environment and 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 — 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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Contact

Karl Oczkowski
Senior Director, Corporate Communications and PR
Canadian Chamber of Commerce
613.238.4000 (2231)
koczkowski@chamber.ca