The Globe and Mail reports in its Monday edition that energy analysts and executives say Ottawa's proposed emissions cap on the oil and gas industry would cause regulatory uncertainty, curtail investment and possibly even raise prices. The Globe's Emma Graney writes that federal government officials said Monday that the proposed regulations, which would cap greenhouse-gas emissions from Canada's oil and gas sector at 35 per cent below 2019 levels, would not affect the price of oil. While the proposed cap would be unlikely to alter global benchmark prices, Peter Tertzakian at ARC Financial Corp. says that does not preclude it from having an impact on the price of petroleum products domestically. And because it is layered on top of other policies targeting emissions -- such as carbon pricing and methane regulations -- it is difficult to assess its impact on the cost structure of individual oil products. "There is a high probability that some of these products will be competitively encumbered to the point where supply and price will be affected," Mr. Tertzakian told The Globe. Bank of Nova Scotia's global equity research group said the cap would add another layer of regulation to Canada's oil and gas sector.