The Panel recommends that the Government of Alberta broaden and improve its existing carbon pricing regime, and complement carbon pricing with additional policies to reduce the emissions intensity of our electricity supply and our oil and gas production, to promote energy efficiency, and to add value to our resources through investments in technological innovation. [...] The Panel recommends a hybrid regulatory and market-based approach to reduce emissions from oil and gas operations in the province, with a particular focus on methane emissions, as follows: a) Application of the carbon pricing regime (outlined above) to oil and gas with output-based allocations to protect competitiveness and employment in production and processing sectors. [...] This means it is critical that the Alberta government work with the private sector and other parties to enable development and deployment of new technologies in the longer term that can limit growth in oil sands emissions beyond 2030 and deliver on the goal of good as conventional emissions intensity as soon as possible. [...] We recommend that the government establish a process of periodic review of provincial climate policy in order to assess and adjust to the impact that changing global commodity markets, and changing global climate policy, are having on the social, economic and environmental aspirations of Albertans. [...] The engagement of all Albertans will be crucial to the success of a provincial climate change strategy and we hope that, through our process, our discussions and debates, we’ve laid the groundwork for this to happen.