Mr. Speaker, ultimately, we know the emissions cap is a production cap. On page 108 of the budget, it says, “Effective carbon markets, enhanced oil and gas methane regulations, and the deployment at scale of technologies such as carbon capture and storage would create the circumstances whereby the oil and gas emissions cap would no longer be required as it would have marginal value in reducing emissions.”
Does this mean that the government plans to make the production of energy in our country minimal since the cap will be marginal in emissions?