The Emissions Cap will NOT Hurt the Economy in Canada

The Environment in Canada Podcast Episode 29 on how the emissions cap will not hurt the Canadian economy but oil and gas dependency is hurting it…

Read more emissions cap facts here.

The emissions cap is easy for oil and gas corporations to implement: The heavy lifting is done by methane reductions and “the IEA has shown that nearly half of the global oil and gas industry’s methane emissions can be reduced at no net cost…. Oil and gas companies in Canada can eliminate 75 per cent of their methane emissions at an average cost of only $11 per tonne.” Extremely cheap given their corporate profits.

Conor talks about why the emissions cap will NOT hurt Canada’s economy, prosperity, nor hurt jobs with Aaron Cosbey, a development economist with 30 years of experience, and Jessica Kelly, a Senior Policy Advisor, of the International Institute for Sustainable Development (IISD). They discuss how one of the main drivers of inflation in Canada is our overdependence on oil and gas and what we can do to change that, how climate policy is not to blame for inflation, and tips for journalists covering climate policy issues and reports.

There’s also a breakdown of all the problems and faulty reasoning contained in the Deloitte and S&P Global analyses of the emissions cap.

For the Q&A section we answer your question: There was already Canadian legislation against false advertising (Competition Act and maybe others) why is the new anti-Greenwashing law having such a profound effect?

For context both the Pathways Alliance and the Canadian Association of Petroleum Producers ( CAPP ) took down large portions of their digital presence shortly after the new anti-Greenwashing law required ‘companies to tell the truth and to have an evidence base to back up their claims.’

Thirteen Canadian oil and gas companies, including five of the six that make up the Pathways Alliance oil sands lobby group, are on the list of 88 big carbon polluters called out for a major share of the forested lands lost to wildfires in North America between 1986 and 2021.

Find out more background on the connection between wildfires and oil and gas corporations.

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