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We are home, horses are fed and reflecting on what a great (short) trip it was attending the UCP - AGM. I was thrilled to meet our locals warriors and finally put faces to names. I have heard said that you are never supposed to meet your heroes for fear of disappointment but that was not the case this weekend. You are all my heroes and just as incredible as I expected you would be. I am grateful you chose to join our page here and continue to share and engage, you guys are truly my sane space in an insane world…thank you.
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Cenovus CEO blasts carbon tax, questions value of Pathways carbon capture project
CALGARY — The CEO of Cenovus says Ottawa’s carbon tax is continuing to undermine investment in Canada’s energy sector and should be scrapped.
Jon McKenzie told an audience at the Global Energy Show that Canada has spent the last decade piling on new costs and regulations on the oil and gas sector, while competing oil-producing nations have expanded both investment and production.
“Over the past decade, we have continued to add incremental regulatory burdens and costs to the industry,” McKenzie said, citing carbon taxes, methane regulations, and permitting delays, as among many other red tape issues.
“We have done all of this under the belief that we are climate leaders. The reality is we are not leading if no one else is following.”
McKenzie argued the carbon tax has failed to achieve its stated purpose of encouraging emissions-reduction investments and instead functions as a growing cost of doing business for ...
