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“We also recognize the importance of ensuring the world maintains access to affordable, secure and low-carbon sources of energy. Reducing industrial emissions can support Canada’s supply of low-carbon competitive and sustainable resources and help achieve climate targets, but it must be done in a way that maintains industrial competitiveness with other jurisdictions, mitigates carbon leakage and creates a long-term, predictable policy pathway. At the same time, limited compliance options will constrain the value chain’s ability to deliver greenhouse gas reductions.”