An Oil Production Phaseout Would Cost Canada $74 Billion ...Middle East

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An Oil Production Phaseout Would Cost Canada $74 Billion
source : OILPRICE ( Middle East ) () 53
A hypothetical scenario in which Canada phases out its oil production would end up costing it some $74 billion (C$100 billion), with Alberta bearing the brunt of that blow, a new report has suggested. Produced by a non-partisan think tank, the Public Policy Forum, the report looked at two scenarios for Canada achieving a net-zero status with regard to carbon emissions. One of the scenarios envisaged energy policies that targeted the oil industry with stricter emission regulations but without resorting to a production cap or a phaseout. The think…

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