Calgary Chamber warns cap on oil and gas emissions could impact Trans Mountain pipeline valuation.

The Calgary Chamber of Commerce warns Ottawa that a proposed cap on emissions from the oil and gas sector could compromise the valuation and sale of the Trans Mountain pipeline. The business group argues that if there is a risk of reduced oil flow from oil sands production, it would lead to a lower valuation by investors and a lower price when the asset is sold. The federal government plans to finalize the cap in mid-2024.