Oil and gas cap, methane regulations would cost Sask. billions: report
The provincial government responded to a report that asserts that by 2050, Saskatchewan's oil production would fall by between 38 and 52 per cent.
by Michael Joel-Hansen · Saskatoon StarPhoenixSaskatchewan’s provincial government issued a response on Tuesday to a report released by the Saskatchewan Economic Assessment Tribunal that found the federal oil and gas emissions cap and federal Methane 75 regulations “would cause substantial economic damage to Saskatchewan.”
The report asserts that by 2050, Saskatchewan’s oil production would fall by between 38 and 52 per cent, leading to royalty and tax revenue losses of between $4.8 and $7.1 billion, under the federal schemes. It predicts total lost government revenues would be around $43.3 billion.