Canada’s Oil Firms Look to Scrap Carbon Tax Tied to Pipeline (1)

Canada’s oil industry is pushing back hard on proposals to impose a higher carbon tax, arguing the policy adds costs at a time when the world needs more secure and affordable sources of energy.

Prime Minister Mark Carney and Alberta Premier Danielle Smith agreed to a higher carbon tax for industrial emissions and a carbon storage project as part of a deal for Ottawa backing of a new oil-export pipeline to the Pacific coast. The proposed project would carry 1 million barrels or more, allowing Canadian energy producers to get more crude to global markets.

The Carney-Smith agreement foresees a ...