STATEMENT FROM DENNIS DARBY, PRESIDENT & CEO, CANADIAN MANUFACTURERS & EXPORTERS, ON THE PROPOSED EMMISSIONS CAP FOR CANADA’S OIL AND GAS SECTOR
OTTAWA,NOVEMBER 4, 2024 – The federal government’s announcement of a cap on oil and gas emissions threatens Canada’s energy trade, economic interests, and national unity. As CME has previously advocated, a balanced federal climate plan should ensure equitable treatment for all sectors and regions. By disproportionately targeting a single industry, the proposed federal cap risks undermining national support for Canada’s climate approach and eroding confidence among our trading partners who view Canada as a stable, dependable energy supplier.
Canada is well positioned to responsibly meet global demand for oil and gas while advancing toward a net-zero economy. Today’s announcement, however, jeopardizes our environmental and economic objectives by allowing countries with lower environmental standards to fill this critical role.
About Canadian Manufacturers & Exporters
Since 1871, Canadian Manufacturers & Exporters has been helping manufacturers grow at home and, compete around the world. Our focus is to ensure manufacturers are recognized as engines for growth in the economy, with Canada acknowledged as both a global leader and innovator in advanced manufacturing and a global leader in exporting. CME is a member-driven association that directly represents more than 2,500 leading companies who account for an estimated 82 per cent of manufacturing output and 90 per cent of Canada’s exports.
For more information
Jane Taber
Vice President, Public Affairs
NATIONAL Public Relations
902-209-9512 | jtaber@national.ca