Canadian oil and gas companies may reduce production due to emissions cap, per Deloitte report.

Deloitte report concludes that Canadian oil and gas companies will likely cut production due to an imposed emissions cap, instead of investing in costly carbon capture and storage technology. This contradicts the federal government's stance that the cap would only curb pollution, not production. The report also casts doubt on the idea that widespread deployment of carbon capture and storage technology will significantly reduce emissions in the sector.