‘Extraordinarily innovative’ oil sector can weather increased carbon price: ATCO CEO - BERITAJA

The main executive of ATCO Ltd. says she does not stock the concerns different business leaders person expressed about what an summation successful the business carbon price would mean for Canada’s competitiveness.

Nancy Southern says cipher wants to person other costs imposed upon them, but the Canadian lipid manufacture is “extraordinarily innovative” and could find ways to compete.

She says the “energy superpower” that Canada is striving to go needs to beryllium capable to strengthen decades from now.

Southern imagines a script where, by 2040, Canada is simply a world leader successful c seizure exertion and cleanable fuels are successful precocious world demand.

A memorandum of knowing signed betwixt the Alberta and national governments precocious past twelvemonth calls for the effective c value to emergence to $130 a tonne from the existent provincial header value of $95, though credits waste and acquisition for acold less.

Leaders successful the lipid and state manufacture person said the c argumentation puts Canada astatine a competitory disadvantage compared to different lipid exporters, pinch the CEO of Cenovus Energy Inc. saying past week that the sermon has been “myopically focused connected the ambiance agenda.”

—  More to come…