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Jack Mintz: Canada's carbon policies offset Alberta’s tax advantage

Carbon taxes and emissions credits both raise producers' marginal costs, offsetting the benefits of very competitive taxes of other kinds

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The grand bargain between Prime Minister Mark Carney and Premier Danielle Smith that could lead to the construction of a West Coast oil pipeline comes with two costs for the oil and gas industry. Alberta agrees to a higher industrial carbon tax and oilsands producers invest in carbon capture, utilization and storage facilities that could cost at least $20 billion. The industrial carbon tax and the requirement for “decarbonized oil” are now being hotly debated in Alberta.

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The debate bears on Alberta’s tax competitiveness for new investments, not only in the oilpatch,........

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