Jamie Sarkonak: Liberals get greedy with cap-and-trade attack on energy industry

Experts warned the House of Commons against a sector-based program last year. The feds don't care

Well, there you have it, folks. The hulking leviathan that is Canada’s climate regime is set to grow one size bigger next year with the addition of a cap-and-trade system to loom over the oil and gas industry.

The plan: cut the sector’s emissions by 35 to 38 per cent below 2019 levels by 2030 — without cutting production. Liberal members of government at Thursday’s announcement of the scheme would have you believe this is achievable, in the same way a miracle diet might promise extreme weight loss without cutting calorie intake.