Emissions cap may ‘no longer be required’ as Ottawa favours carbon capture, critical minerals: budget

The controversial oil and gas emissions cap would have ‘marginal value in reducing emissions,’ says Carney’s first federal budget, which focuses on tax credit incentives and methane regulations to reach net zero.

Energy and Natural Resources Minister Tim Hodgson has previously expressed support for carbon capture and storage, as well as incentivizing clean technology innovation. The Hill Times photograph by Andrew Meade

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BY ELEANOR WAND

November 4, 2025

The government’s fall budget has opened the widest pathway yet to ditching the proposed oil and gas emissions cap, but the financial plan says Canada is still committed to reaching its goal of net-zero emissions by 2050.

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