Canada Signals It Plans to Scrap Oil and Gas Emissions Cap

The Canadian government has signaled it plans to eventually lift the controversial cap on emissions from the oil and gas sector, doubling down instead on its industrial carbon pricing system to rein in pollution.

In its first federal budget on Tuesday, Prime Minister Mark Carney’s government unveiled its climate competitiveness strategy, which lays out how Canada plans to change its approach to environmental regulations and greenhouse gas emissions.

The strategy underscores how Carney has diverged from former Prime Minister Justin Trudeau’s climate policies, which mapped out short-term emission reduction targets it planned to reach through a slate of ...