Oil execs, climate groups decry slow pace of Alberta MOU, though differ on carbon tax
The group says capital investment has nearly halved over the past decade as key carbon pricing and carbon capture terms remain unresolved.
- Oil Sands Alliance Inc., representing five of Canada's largest oilsands companies, criticized Ottawa and Alberta on Monday, saying the "pace of change has been slow" regarding their energy memorandum of understanding.
- Signed six months ago, the Alberta MOU aimed to pair West Coast pipeline development with environmental measures, but negotiators missed their April 1 deadline, leaving key carbon capture and pricing issues unsettled.
- Current industrial carbon taxes are "uncompetitive," Cenovus Energy Inc. chief executive Jon McKenzie said, arguing they hinder capital investment; Alberta agreed in principle to raise prices to $130 per tonne from the current $95.
- Climate groups dismissed the industry's push to scrap carbon pricing as "unhelpful" discourse, urging Carney to deliver policies that "will scale domestic clean energy solutions" while setting Canada up for economic success.
- International Energy Agency head Fatih Birol visits Ottawa this week, citing a "once-in-a-generation opportunity" for Canada to provide reliable energy amid global supply shocks caused by the war in Iran and the Strait of Hormuz blockade.
28 Articles
28 Articles
The Toronto Star
Oil execs, climate groups decry slow pace of Alberta MOU, though differ on carbon tax
OTTAWA - Five of Canada's largest oilsands producers and clean energy groups are separately criticizing the federal and Alberta governments for slow progress on finalizing aspects of the energy deal
Oilsands Group Says Progress on MOU Too Slow, Takes Aim at 'Uncompetitive Industrial Carbon Tax' - Energy News, Top Headlines, Commentaries, Features & Events
‘We are at risk of letting this opportunity pass Canada by,’ said the Oil Sands Alliance, which represents five of Canada’s largest oilsands companies By Naimul Karim Capital investment in Canada’s oilsands has nearly halved over the past decade compared to the previous one, an industry group said Monday, warning the country is not moving ...
Oil Sands Alliance Calls for Urgent Government Action to Unlock Alberta’s Oil Potential
The Oil Sands Alliance, representing five of Canada’s largest oil sands producers and over 90% of the country’s oil sands output, is pressing the federal and Alberta governments to accelerate regulatory and fiscal reforms to position Canada as an energy superpower. With no major greenfield oil sands project sanctioned since 2013, the group warns that […]
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