“For years, provinces, businesses, industry leaders, along with numerous independent reports, have found that the federal government’s proposed oil and gas emissions cap will hurt Canadians, damage our economy and cost jobs. Over and over, the federal government has dismissed and ignored these concerns.
“Now the independent Parliamentary Budget Officer’s (PBO’s) scathing analysis shows, beyond a doubt, that this cap will hurt Canadians. It will cut oil and gas production by 5 per cent, or more than 245,000 barrels a day. It will eliminate 54,400 jobs from Canada’s economy and cut $20 billion from our GDP by 2032, all while global emissions increase at the same time.
“The federal government cannot claim to support the energy sector and highlight its importance to trade with the United States while undercutting it at the same time.
“Alberta is working to diversify our customer base and get more barrels to tidewater to maximize the value of our exports, but this policy is blatant hypocrisy at a time when Canadians are uniting on supporting a stronger energy sector. This cap must be scrapped immediately for the good of the country.
“The evidence is clear: the federal government’s proposed emissions cap is unconstitutional, bad for the economy and bad for Canadians. We urge the next elected Prime Minister to abandon this extreme and ideological cap. It has never been clearer that we must grow and expand our energy sector as part of uniting Canada and ensuring a strong and independent economy.”