The oil and gas industry in Canada claims opposition to the oilsands, the world’s second largest reserve of oil and Canada’s fastest source of greenhouse gas emissions, is merely “ideological,” according to new internal documents released under Access to Information legislation (attached below).
In the documents the Canadian Association of Petroleum Producers (CAPP), Canada’s largest oil and gas lobby body, suggested that because “the objection to the oil sands is ideological” and “not a concern that Alberta’s current framework is not stringent enough,” there is no guarantee that a stricter regulatory regime for the development of the oilsands will “’secure’ social license and forestall negative policy action.”
Alberta, required to renew its oil and gas emissions regulations in 2014, is proposing a new greenhouse gas target that would see a reduction of 40 per cent per barrel of oil produced and a maximum penalty price of $40 per tonne of CO2 above that level by 2020. Currently Alberta enforces a reduction of emissions by 12 percent with a max price of $15 per tonne.
According to the newly released documents CAPP is fighting for a weakened regulatory position, one that requires a 20 per cent reduction with a $20 penalty fee.