Canada Election Offers Diverging Paths for Oil and Gas Sector

Canada could impose five-year targets to reduce the oil industry’s greenhouse gas emissions or switch to synchronizing rules with those of economic partners, depending on who among the top political parties forms the country’s next government.

Prime Minister Justin Trudeau’s Liberal Party is seeking to extend a six-year stint in power with new controls on the petroleum sector’s climate change impacts. His closest challenger, Conservative Party leader Erin O’Toole, is looking to capitalize on anger towards Trudeau in western provinces by promising more fossil fuel production.

“We’ll make sure oil and gas emissions don’t increase and instead go down,” Trudeau ...