Gloom descends on oil patch ahead of Ottawa’s emissions plan

Forget about carbon dioxide emissions – the rising levels of angst emanating from Alberta’s oil and gas industry is expected to skyrocket after the Conservative government’s unveiling of reduction targets.

The announcement, to be made jointly by Prime Minister Stephen Harper and Environment Minister John Baird on Thursday near Toronto, is being prepared with all of the gravitas of a budget including pre-release technical briefings for the media, and provincial and industry reps behind closed doors.

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