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ARC ENERGY IDEAS

The Challenge with Canada's Proposed Oil and Gas Emissions Cap

Nov 19, 2024
Sander Duncanson, a Partner at Osler and an expert in Canadian business law and carbon policy, dives into Canada's proposed oil and gas emissions cap. He discusses the potential for market distortions and unintended consequences of the regulation. The duo addresses concerns about Canada's more stringent policies compared to the U.S., which may lead to investment flight. Lastly, the complexities of the regulatory framework and its impact on investment and competitiveness within the sector are also explored.
44:17

Podcast summary created with Snipd AI

Quick takeaways

  • The proposed emissions cap for Canada's oil and gas sector could lead to market distortions and economic implications due to regulatory complexity.
  • Concerns about the likelihood of the emissions cap becoming law underscore fears of potential capital flight to less regulated jurisdictions like the U.S.

Deep dives

Snow Tires and Climate Perception

The discussion opens with a lighthearted reference to the recent snowfall in Calgary, highlighting the frequent issues of drivers lacking proper snow tires. This leads to a broader commentary on how misconceptions about climate change may lead individuals to underestimate the need for season-appropriate preparations. Despite a mild fall that led some to believe winter might be disappearing, the first snowfall serves as a reminder of seasonal changes still taking place. This illustrates the group’s concern over varying public perceptions regarding climate patterns and the importance of addressing the realities of changing weather.

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