The Carney government is exploring the possibility of lowering the emissions cap for the oil and gas sector. The premier's office announced that the government is currently engaged in "sensitive negotiations" with the federal government. They aim to finalize a memorandum of understanding by mid-November.

This development comes as part of broader discussions surrounding environmental policies and climate change initiatives. The government has not specified the extent of the proposed cuts or the specific measures that may be implemented.

Prime Minister Mark Carney's administration is under pressure to address emissions in the energy sector, which is a significant contributor to greenhouse gas emissions in Canada. The outcome of these negotiations could have substantial implications for the industry and the government's climate goals.

As the deadline approaches, stakeholders are closely monitoring the situation. The government has emphasized the importance of balancing economic interests with environmental responsibilities. Further details are expected to emerge as negotiations progress and the mid-November deadline approaches.