Carbon tax won’t affect oil sands development if crude rises above $60 — report
A new report says putting a price on carbon won’t likely affect oil sands development plans if the price of oil rises above US$60 a barrel.
TD Bank economist Dina Ignjatovic said that’s the estimated minimum price oil sands companies need to go ahead with their projects, and if it’s reached then the extra cost of a carbon tax likely won’t sway a decision.
If the price of oil stays below US$60 a barrel then the picture becomes murkier, said Ignjatovic.
More News
Supreme Court of Canada to hear BC appeal over Indigenous rights and mineral claims
A hearing date has not been set.
May 21, 2026 | 02:07 pm
Pentagon doubts over rare earths deal provoke White House clash
May 21, 2026 | 01:16 pm
{{ commodity.name }}
{{ post.title }}
{{ post.date }}
Comments