By Anosha Khan ( March 14, 2025, 2:34 PM EDT) -- The Office of the Parliamentary Budget Officer (PBO) has released a new report, Impact Assessment of the Oil and Gas Emissions Cap, finding that by 2032, real gross domestic product (GDP) in Canada will be reduced by 0. 4 per cent and nominal GDP will be reduced by $20. 5 billion due to the required reduction in upstream oil and gas sector production levels. . . .