The misguided decision by Alberta Premier Danielle Smith to accept Ottawa’s demands to increase the province’s effective industrial carbon tax to $130 per tonne by 2040 will impose an estimated additional $33 billion in cumulative carbon costs (an average of $1.26 per barrel across all oil sands production) on the oil sands sector between 2030 and 2040.
KAPLAN: Alberta’s carbon tax shock — why Carney-Smith’s net zero pact may backfire on the oil sands
