If industry reduces or stops investing in Canada due to the high carbon cost, and production goes to a jurisdiction where there is little or no carbon price, more emissions will be released in that jurisdiction. Since climate is a globally connected system, it is critical that Canadians consider the global implications if our oil and natural gas industry is no longer competitive,” CAPP claims on its website Climate costs without adequate focus on innovation and reinvestment in the oil and natural gas industry will result in higher emissions globally.