The federal government unveiled their oil and gas emissions cap while at COP28, and the predictable reactions happened—the Greens, Bloc and NDP decried it as being too weak and watered down (never mind that there are recent court decisions that the government has to consider when it comes to just how far they can go); Danielle Smith and Scott Moe were performatively angry, even though it pretty much aligns with Alberta’s existing targets; and the oil and gas lobby decried how much money this was going to lose them. Economists point out that this undermines the carbon pricing system even further.
You might find this useful today. pic.twitter.com/b60JVYwmfL
— Andrew Leach (@andrew_leach) December 7, 2023
The cap is only on the pollution, not the production, because that would be provincial jurisdiction, so theoretically these companies could continue to increase production if they better control and capture emissions. (Also, refinery emissions are not in these because that’s part of the clean fuel standard). There is also a cap-and-trade system attached to this emissions cap, so that if a facility goes over their targets, they can buy offsets from a company below their cap, as well as pay into a decarbonisation fund.
Are there marginal barrels? Yep. Will some people decide that their production is no longer worth it at $170/t carbon pricing and an $X/tonne special oil and gas price? Sure. For the same reason that you won't rake my lawn if I offer you $3.
— Andrew Leach (@andrew_leach) December 7, 2023
And, FWIW, whether or not this policy affects production is a complete non-issue constitutionally. The IAA reference confirms this, but it's basic classification of laws. Q is the primary purpose, not the laundry list of effects.
— Andrew Leach (@andrew_leach) December 7, 2023
Now we wait for the inevitable court challenges, and those dragging their feet to comply because they hope that the polls stay true and that Poilievre will form government in two years and they can ignore all of this then, as though climate change isn’t still the biggest threat to our lives, well, ever.
Ukraine Dispatch:
Russians struck the Danube River port infrastructure once again, killing a driver and damaging grain infrastructure. Ukrainians are starting to use rail to bypass the blockade by Polish trucks at their border. And the Ukrainian government has come to an agreement with two American firms to jointly manufacture 155 mm shells in Ukraine, but it could be two or three years before that production can come on line.
This is Viacheslav Kovalskyi, a 58-year-old former businessman and now a sniper with the counterintelligence unit of the @ServiceSsu, and his his Horizon's Lord rifle.
He broke the world sniping record by hitting a russian occupier at a distance of 3800 meters.
“I think the… pic.twitter.com/otYzjwZTh9— Defense of Ukraine (@DefenceU) December 7, 2023
Some 5,500 people stubbornly refuse to leave Kupiansk, even with the risks of shelling and death. These photos show a few of those who continue living there in defiance of the Russian threat.
Read their stories here: https://t.co/KI3ZqhWGt9 pic.twitter.com/N1yEVa6dcU
— The Kyiv Independent (@KyivIndependent) December 7, 2023