Alberta oil costs to rise to uncompetitive levels under MOU: report

Mintz said that things have improved under Prime Minister Mark Carney, but stressed that the numbers are still uncompetitive under Carney’s new MOU agreement with Alberta Premier Danielle Smith, which reduced the requirement to raise the carbon tax from $170 per tonne by 2035 to $140 per tonne by 2040. The current target industrial tax under Alberta’s Technology Innovation and Emissions Reduction Regulation carbon-credit trading system is $95 per tonne, although credits frequently trade on the market at a much lower price.