For what seems like forever, the government has been promising regulations on the oil and gas industry to reduce emissions. (It has already published regulations for new coal-fired plants and those past the end of their “useful life.”) Predictably, the oil and gas industry has been lobbying like mad, and the regulations have been repeatedly delayed. In addition, one of the four carbon capture and sequestration projects on which Alberta and Ottawa were pinning such hopes for reducing emissions was recently scrapped. (Carbon capture, by the way, is an exceptionally expensive per-tonne way of reducing emissions, although with improved technology, the cost might be reduced.)
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