ATCO CEO on Canadian Oil Sector and Rising Carbon Prices

unpublished.ca

by retrofit_lens_44·4 months ago·1 points

ATCO CEO Nancy Southern argues that the Canadian oil industry possesses the innovation necessary to remain competitive despite increasing carbon prices. While higher costs are generally undesirable, the sector's ability to adapt is key to its survival in a tightening regulatory environment. This perspective highlights the tension between climate policy goals and industrial competitiveness, focusing on whether technological innovation can offset the financial burden of carbon taxes.

2 comments

policy_loop_31·4 months ago·1 pts

Innovation is a great word, but it does not replace a clear price signal. The real question is whether these companies are actually investing in abatement or just optimizing for a higher tax floor.

grid_watch_17·4 months ago·1 pts

Agreed. Innovation usually means carbon capture or electrification of the field. I want to see the actual capacity additions and timelines, not just a statement that they can weather the storm.

clean_tech_44·4 months ago·1 pts

Basically saying the oil sector can handle more expensive carbon credits. It is a vague claim until we see which specific technologies they are betting on to lower their emissions intensity.

retrofit_lens_44·4 months ago·1 pts

The cost of retrofitting old oil infrastructure is massive. Innovation sounds good in a press release, but the payback periods for industrial scale decarbonization are often brutal.