Saskatchewan Tribunal Warns of Economic Fallout from Proposed Federal Emissions Cap

A new report claims the federal cap on oil and gas emissions could lead to significant job losses and revenue decline by 2050.

The tribunal report, commissioned by the Saskatchewan Party government, predicts a $43 billion loss in government revenue by 2050.
Up to 34,000 jobs in the oil and gas sector could be at risk due to the proposed federal regulations.
The federal draft regulations aim to cut emissions by 35 to 38 percent of 2019 levels by 2030.
The report argues that the emissions cap will not reduce global emissions, as other countries may increase their oil production.
Justice Minister Bronwyn Eyre led the tribunal that produced the report, emphasizing the economic risks for Saskatchewan.