IISD Welcomes Draft Regulations for Oil and Gas Pollution Cap

The IISD welcomes Canada's draft regulations for an oil and gas pollution cap, noting that the sector accounts for 31% of Canada's total emissions. While supporting the cap-and-trade system to drive decarbonization and net-zero goals by 2050, the IISD warns that a proposed 'decarbonization program' could lead to double-counting of emissions reductions. The organization advocates for the continued exclusion of international carbon offsets and the use of only real, additional, and verifiable domestic offsets.

• The oil and gas sector is the largest source of greenhouse gas (GHG) emissions in Canada, accounting for 31% of the total, a figure that is increasing annually.
• The IISD argues that while industrial carbon pricing helps reduce emissions intensity, it has not been enough to lower the sector's total emissions, necessitating a firm regulatory cap to provide investment certainty for decarbonization.
• The IISD recommends that the final regulations maintain the exclusion of international carbon offsets and remove the 'decarbonization program' to prevent the double-counting of emissions reductions.

APA

International Institute for Sustainable Development (2024). IISD Welcomes Draft Regulations for Oil and Gas Pollution Cap. https://www.iisd.org/articles/statement/iisd-welcomes-draft-regulations-oil-and-gas-pollution-cap

Chicago

International Institute for Sustainable Development. IISD Welcomes Draft Regulations for Oil and Gas Pollution Cap. 2024. https://www.iisd.org/articles/statement/iisd-welcomes-draft-regulations-oil-and-gas-pollution-cap.

Wikipedia

{{cite press release |author=International Institute for Sustainable Development |title=IISD Welcomes Draft Regulations for Oil and Gas Pollution Cap |date=4 November 2024 |url=https://www.iisd.org/articles/statement/iisd-welcomes-draft-regulations-oil-and-gas-pollution-cap |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@misc{internationalinstituteforsustainabledevelopment2024iisd, author = {{International Institute for Sustainable Development}}, title = {{IISD Welcomes Draft Regulations for Oil and Gas Pollution Cap}}, publisher = {International Institute for Sustainable Development}, year = {2024}, month = nov, url = {https://www.iisd.org/articles/statement/iisd-welcomes-draft-regulations-oil-and-gas-pollution-cap}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }