PBO reports makes it clear: Emissions cap will hurt Canadian jobs, industry and the economy 

The following statement is attributable to Deborah Yedlin, President and CEO at the Calgary Chamber of Commerce:

“The Parliamentary Budget Office report released today makes it clear that the federal government’s proposed oil and gas emissions cap will have severe economic consequences. The report shows that to meet the cap, production would need to decline by nearly 5%, resulting in a $20 billion hit to GDP and over 54,000 lost jobs.

“This is not just a cap on emissions – it is ultimately a cap on production and Canadian prosperity.

“At a time when Canadians and Canadian businesses are facing high economic uncertainty, largely because of the constant threat of tariffs, the last thing we need is to further destabilize jobs and investment with poor policy. The economic costs are simply too high.

“Canada’s energy sector has made significant strides in reducing emissions while driving economic growth – and is a leader in economic productivity. Instead of imposing a rigid and punitive cap that restricts investment and puts energy security in a vulnerable place, we need policies that work with industry to accelerate emissions reduction efforts; attracts new investment; and protects jobs, our energy security, and our prosperity.

“We reiterate our call to the federal government to withdraw the proposed oil and gas emissions cap. Failing to do so risks our productivity, security and prosperity at a time when Canada needs stability, strong domestic policy, and a chance for our own businesses to succeed.”

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About the Calgary Chamber of Commerce 

The Calgary Chamber exists to help businesses reach their potential. As the convenor and catalyst for a vibrant, inclusive and prosperous business community, the Chamber works to build strength and resilience among its members and position Calgary as a magnet for talent, diversification and opportunity. As an independent, non-profit, non-partisan organization founded in 1891, we build on our history to serve and advocate for businesses of all sizes, in all sectors across the city. 

Media Inquiries

Brittany Brander, Manager, Public Relations & Communications

media@calgarychamber.com