The Oil Sands Alliance is calling on the Canadian and Alberta governments to overhaul regulatory and fiscal policies to attract new investment. The group argues that current industrial carbon taxes make Canadian heavy oil less competitive globally, hindering the growth of the sector. A primary focus of the Alliance is the need for a supportive framework to launch world-scale carbon capture and storage (CCS) projects. While emissions intensity has dropped, the industry claims predictable policies are required to fund the transition to lower-carbon production.
