Ottawa's emission cap on oil and gas sector targets only 1/4 of GHG emissions; contradicts rationale for carbon tax

VANCOUVER—If policymakers want to reduce CO2 emissions in Canada, they should allow industry to do so in a way that imposes the least costs on society and not by imposing arbitrary caps on certain sectors since CO2 molecules are all identical regardless of their source, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank. “Put simply, all CO2 molecules are identical, whatever their source, so why is the federal government treating the oil and gas sector differently?” said William Watson, senior fellow at the Fraser Institute and co-author of CO2 is CO2 is CO2—the Implications for Emissions Caps.