I think the main policy tool that has been discussed is the emissions cap. The government has decided to move with the OBPS as the most potent tool for emissions reductions.
That said, we need to make sure, given that we're not going ahead, unfortunately, with the oil and gas emissions cap, that the current industrial pricing system is made a lot more robust in order to be able to deliver reductions comparable to those resulting from existing weak systems and the cap, and also to ensure that industrial carbon pricing is not the only policy tool we're deploying. Methane regulations are extremely important, especially for the oil and gas sector. Strong equivalency agreements with provinces who want their own regulations will also be really important.
