ATCO CEO Nancy Southern argues that Canada's oil and gas sector can remain competitive despite rising carbon prices. She points to carbon capture and low-carbon hydrogen as key opportunities for industrial development as the province moves toward a 130 dollar per tonne target by 2040. The move highlights a divide in the industry, with some executives claiming high carbon costs create a competitive disadvantage compared to other global oil exporters. Meanwhile, ATCO views the predictable price increase as a catalyst for innovation in clean fuels.
