Canada may drop oil cap, weigh new climate competitiveness strategy, sources say ...Middle East

Reuters reporting. In summary:

Prime Minister Mark Carney, who campaigned on both protecting jobs from U.S. tariffs and keeping the cap, is now considering replacing it with a broader “climate competitiveness strategy” focused on investments and practical emissions reductions. Any removal of the cap would hinge on Alberta and the industry advancing projects such as Pathways’ carbon capture plan.

Critics warn Canada risks missing its 2030 climate targets as oil sands emissions keep rising.

This article was written by Eamonn Sheridan at investinglive.com.

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