Oil, gas companies told to cut emissions by one-third under planned cap [Video]

Oil and gas producers in Canada will be required to cut greenhouse gas emissions by about one-third over the next eight years under new regulations being published today by Environment Minister Steven Guilbeault.

The regulations, still only in draft format and about two years behind schedule, could further strain relations between Ottawa and the Alberta government which recently launched a $7-million advertising campaign to “scrap the cap.”

For the Liberals, the regulations fulfil a 2021 election promise to force the energy sector to pull its weight in the fight against climate change.

“I think everyone should do their fair share,” Guilbeault said in an interview with The Canadian Press ahead of a news conference in Ottawa on Monday with Natural Resources Minister Jonathan Wilkinson to outline more details of the plan.

Guilbeault said the oil and gas industry is a major source of emissions, but that it has done less …