On December 13, 2023, COP28 concluded in Dubai with an agreement heralded, perhaps too optimistically, as "the beginning of the end of the fossil fuel era." Here’s a summary of the conference in 10 points, covering its five greatest achievements and five most notable failures.

The proposed framework outlines a regulatory cap-and-trade program for Canada’s oil and gas industry, with a sectoral limit 35-38% below 2019 levels.

On Monday, November 27, 2023, Alberta’s legislature tabled a resolution to invoke its controversial Alberta Sovereignty Within a United Canada Act for the first time. The Act allows Alberta’s legislature to pass resolutions to identify and disregard specific federal legislation or policies as either unconstitutional or causing harm to Albertans.

Canada’s federal government has proposed a framework policy to phase out certain “inefficient” fossil fuel industry subsidies.

Last month, Environment and Climate Change Canada released Faster and Further: Canada’s Methane Strategy. The document set out Canada’s plan to reduce methane emissions across key economic sectors of the Canadian economy, while positioning the country to benefit from potential economic opportunities that may arise from such action.

Environment and Climate Change Canada is considering two options to put a steadily-lowering ‘cap’ on oil and gas sector emissions: a national oil industry cap and trade program, or additional regulations under the Greenhouse Gas Pollution Pricing Act that could result in an industry-specific carbon pricing rate.