Natural Resources committee  That's a really difficult question, and I think there's not a clear answer for that from the academic community. It's clear that gas has a lower carbon footprint per unit of energy than coal or oil does, so, from that perspective, there's potentially some opportunity, and histori

Natural Resources committee  Thanks for the question. I would emphasize that the social costs of oil and gas are consistent regardless of the international context. I think we want to be designing our institutions and policies around oil and gas for the long term. Of course, we want to be thinking about th

Natural Resources committee  Thanks very much for your question. I think you're right to point out that carbon pricing comes in different flavours. One flavour of carbon pricing is a carbon tax, and another flavour of carbon pricing is a cap and trade system, and another flavour of carbon pricing, which we

Natural Resources committee  Thank you for inviting me to speak to you today. According to Environment and Climate Change Canada's most recent national inventory report, the oil and gas sector produces over a quarter of all greenhouse gas emissions in Canada. As high as that value is, it includes only green

Environment committee  I think I would say the same things we said earlier, that this is a policy that we have a proven foundation for. It reduces emissions, and it does so at very small cost and at a lower cost than any other option for reducing emissions.

Environment committee  I think it's clear that this will reduce emissions, and so far—

Environment committee  The published estimates suggest we're not all the way to getting to the 2030 goals. The mix of the carbon price and the regulations on methane and coal and that kind of thing is not sufficient to get us all the way to the 2030 target.

Environment committee  There's certainly no basis for claiming that a carbon price of the magnitude talked about or being proposed and being implemented will have any likelihood of causing a recession. I think we know this intuitively. The price on carbon is equivalent to a couple of cents on gasoline

Environment committee  I think the one other thing to point out is that, if we're going to hit our emission reduction targets, the cheapest way to do so, the way that will impose the smallest impacts on growth, is through the carbon pricing approach. A regulatory approach would impose a bigger cost on

Environment committee  I guess I would just point out that I wouldn't talk of carbon pricing as a discrete thing, like a yes or no. It's not like a light switch. If it is a light switch, it's like a dimmer. There are lot of different levels of carbon pricing. You could have a very strong carbon price t

Environment committee  Exactly.

Environment committee  Natural gas—

Environment committee  Right. There's a lot to unpack there.

Environment committee  First of all, the research has consistently demonstrated that the price on carbon in B.C. has reduced emissions. There have been at least half a dozen studies that reach the same conclusion with a lot of different datasets and approaches. In terms of how high it has to get, as

Environment committee  I'm going to go back to what Dale said a minute ago. I think you have it the wrong way around, personally. To me, you don't get a global agreement and then have each country going to reduce emissions—