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flag Prime Minister Mark Carney drops oil and gas emission cap, opting for a broader, higher carbon tax to cut emissions and boost industry.

flag Prime Minister Mark Carney has announced plans to eliminate the proposed cap on oil and gas emissions, citing economic concerns and industry pushback. flag Instead, he is reinforcing the government’s commitment to an industrial carbon tax, expanding its scope to cover more sectors and increasing the price per ton of carbon. flag The move signals a shift from direct production limits to a market-based approach aimed at reducing emissions while supporting industrial competitiveness.

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