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Dic 12th

Capp Road Use Agreement

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Visit to learn more about the Canadian natural gas and oil industry`s commitment to climate change. Community and business leaders are calling for federal investments in … We can estimate how much prices will go up, but the market will determine the price. For more information: Jay Averill, Manager, Media Relations, 587-225-4534, [email protected] «Any path to net zero involves the efficient use of oil and natural gas. Significant investments in large-scale technology and innovation will be needed, including negative emission technologies such as carbon capture, use and storage. Given our expertise in these areas, there are significant opportunities for the industry to contribute. We have opted for a cap-and-trade program to minimize Nova Scotians costs. Cape and trade will cost you less than the federal approach. The cap-and-trade program is supported by laws and regulations.

While some are still under development, some rules are currently in place. Some companies will be required to participate in the cap-and-trade program. Each will receive a few allowances free of charge to cover a certain amount of programming. In 2016, the federal government announced that all provinces and regions will have to pay a price for CO2 pollution. You can use a carbon tax, a cap-and-trade program or a mixture of the two approaches. We chose to use cap-and-trade. Setting a price for carbon means you pay more for things like electricity and fuel. Fossil fuels, which are more carbon-intensive, will increase a little more. For example, diesel has a slightly higher carbon content than gasoline, so the price of diesel will rise faster than the price of gasoline. The cap-and-trade program will begin on January 1, 2019.

As part of our program, we will set annual caps limiting the number of tonnes of greenhouse gas emissions allowed each year by certain activities in the province. The cap is equal to the amount of emission allowances available each year. Companies can negotiate certificates by buying or selling them. For example, if a company emits more than what is covered by its quotas, it can buy more quotas from another company that has issued less. CALGARY, AB, November 19, 2020 /CNW/CNW/ – In response to the Canadian Government`s Net-Zero Emissions Accounting Act introduced on November 19, 2020, CAPP states: «The Canadian Association of Petroleum Producers is committed to working with the Canadian government to achieve emission reduction targets, including the goal of achieving net zero by 2050. This is a 30-year challenge that will have a significant impact on all Canadians and will require collaboration between sectors and all levels of government. New national survey shows that Canadians are most concerned about…

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