Enserva’s statement on capping and cutting oil and gas greenhouse gas emissions, warns of “carbon leakage”

Should Canadian standards be too strict for production, jurisdictions with no or low standards will continue producing and this will lead to increased carbon leakage from energy products. Carbon leakage caused by Canadian policy would create conditions for jurisdictional divestment and in turn decreased Canadian fiscal capacity, weakening multiple net-zero oriented actors and entities. Instead of focusing on domestic reductions, Canada should pursue a net zero strategy that maximizes global decarbonization efforts and is aligned with allied nations’ strategies.