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.

Last week, the Hague district court ordered oil giant Royal Dutch Shell to reduce its greenhouse gas emissions by 45% from 2019 levels by 2030. The ruling appears to mark the first instance of a court requiring a major corporation to lower emissions on account of their climate impact.