The Canadian Association of Petroleum Producers (CAPP) has responded to the new Canada-Alberta Memorandum of Understanding. While the industry group supports efforts to streamline project reviews and build new export infrastructure, it remains critical of the industrial carbon tax plan. CAPP argues that the current carbon pricing framework creates a unique cost for Canadian producers that is not shared by global competitors. The association is calling for further regulatory and fiscal adjustments to maintain competitiveness while meeting emissions targets.
