Manny Quin
10.6K posts


The oil sector statements coming in now. 1. Oilsands Alliance "The announced industrial carbon tax, while lower than the current industrial carbon tax, still maintains uncompetitive costs on the Canadian oil sands industry. No other major oil producing nation faces a similar tax. The MOU states an objective to reduce the carbon emissions intensity of Canadian heavy oil production to best in class in terms of the average for heavy oil by 2050. As set out in Canada’s 2025 budget, the Canadian oil industry has a carbon emissions intensity that is already below the global average. “Oil Sands Alliance is committed to advancing the Pathways carbon capture and storage project provided the necessary regulatory and fiscal terms are in place, to support the project and new oil sands growth in Canada,” said Oil Sands Alliance President Kendall Dilling. “An industrial carbon tax only adds uncompetitive costs to industry on top of the costs of a carbon capture project.” oilsandsalliance.ca/news/oil-sands…



















Signal warns it would pull out of Canada if made to comply with lawful access bill theglobeandmail.com/politics/artic…














