Report finds emissions cap would cost oil and gas sector $75B in lost investment: CP
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Amanda Stephenson of The Canadian Press writes about a new report by S & P Global Commodities Insights, that was commissioned by the Canadian Association of Petroleum Producers (CAPP) to assess the impact of policies aimed at reducing greenhouse gas emissions. The report concludes that legislating an emissions cap will hamper growth and investment, suggesting that if gas drillers are required to reduce emissions by 40 per cent by 2030, the industry could see $75 billion less in capital investments over nine years.
