As anticipation towards COP28 continues to build, industry heavyweights are already projecting what potential outcomes will surface. Among the whispered speculations, an emissions cap is gaining significant traction. While the world watches, a silent standoff continues in Canada, where Ottawa remains locked in a heated dispute with Alberta and its oil companies. The dispute, largely centred around environmental policies, is coming into public view, painting a vivid backdrop to the upcoming climate discussions.
1. The anticipation is growing towards the 28th annual conference of the United Nations Framework Convention on Climate Change (COP28), where an emissions cap is speculated to be a potential outcome.
2. The speculation of an emissions cap at COP28 is gaining significant attention, it would be a major shift in global climate policy if implemented.
3. A silent standoff is ongoing in Canada between Ottawa and Alberta over environmental policies and oil companies, which will likely impact the upcoming climate discussions.
4. Industry insiders are mulling over what COP28 could mean for them, especially with the possible introduction of a cap on carbon emissions.
5. The dispute in Canada, particularly centered on environmental policies, has now become public, providing a vivid backdrop to climate discussions.
In 2020, oil production in Alberta was responsible for 63.5% of Canada's total greenhouse gas emissions.
While the spotlight was centered on Ottawa's public clash with Alberta and numerous oil companies, industry insiders were contemplating what the 28th annual gathering of the United Nations Framework Convention on Climate Change (COP28) might mean for them. An influential industry giant gave voice to these concerns, predicting possible far-reaching ramifications. The prediction is that COP28 could potentially introduce a cap on carbon emissions. If this were to occur, it would indicate a significant shift in global climate policy, and would undeniably create potentially radical changes in the landscape of the energy industry.