Saskatchewan tribunal report warns of $43B revenue loss, 34K job losses by 2050 due to federal oil and gas emissions caps.

A Saskatchewan tribunal report claims that federal oil and gas emissions caps could harm the economy, predicting $43 billion in revenue losses and up to 34,000 job losses by 2050. The proposed regulations aim for a 35-38% emissions reduction from 2019 levels by 2030. However, the report contends these measures may not effectively lower global emissions, as production could shift to countries with looser standards.

September 24, 2024
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