Mia Rabson, The Canadian Press »

The International Energy Agency projected in a report this week that under existing climate policies oil production in Canada will grow by about 700,000 barrels a day by 2030 before it starts to recede.

If Canada implements the new policies the Liberals have promised — including mandating more electric car sales and capping emissions from oil and gas production — available Canadian oil will fall by 100,000 barrels a day by 2030.

And in a net zero policy push — where any greenhouse gases still emitted are captured by 2050 — oil supply will fall even faster.

More »