Oil and gas industry leaders critical of the industrial carbon tax

Leaders in Canada’s oil and gas industry say the industrial carbon levy would erode the country’s competitive edge at a time the world is clamouring for stable energy supply.

Canadian Association of Petroleum Producers president and C-E-O Lisa Baiton says no other oil and gas exporter imposes such a cost on industry.

She says the war embroiling much of the Middle East has underscored Canada’s responsibility to develop its resources and enable greater exports to global markets.

Cenovus Energy C-E-O Jon McKenzie says it’s a fallacy that a higher carbon price would incent more investment in cutting emissions.