Four years after unveiling plans for a limit on all oil and natural gas industry emissions in Canada, the federal government is — in all likelihood — scrapping the cap.

The previous Liberal government said that its proposed oil and gas emissions cap, a centrepiece of its climate policy, was integral to this country hitting its climate targets.

But after years of arguments with industry and premiers over the policy, the latest federal budget says that, actually, Canada can get to net-zero by other means.

The country can instead “create the circumstances whereby the oil and gas emissions cap would no longer be required,” through a combination of effective carbon markets, oil and gas methane regulations and greater deployment of carbon capture and storage, Tuesday’s budget said.

Goodb

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