Canada Oil Sands Alliance Criticizes Industrial Carbon Tax and Slow Policy Progress

The Oil Sands Alliance, representing five of Canada's largest producers, is warning that slow progress on a key Memorandum of Understanding and an uncompetitive industrial carbon tax are hindering investment. The group argues that these policy hurdles threaten Canada's energy security and its ability to maintain production levels. Industry leaders point to a significant drop in capital investment over the last decade. They are calling for more competitive climate policies to ensure the sector remains viable while navigating decarbonization goals.