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Alberta Oil Costs Soar Under Carbon Tax
A new study reveals Alberta’s oil industry is facing a brutal cost squeeze from the federal-provincial pipeline deal and soaring carbon taxes, threatening its competitiveness against Texas and risking billions in lost revenue. By 2040, Alberta could pay a billion extra annually just to power its own electricity — a double tax that’s pinching businesses and investors. Economists warn this climate-focused policy may backfire, pushing global buyers toward dirtier oil sources and crippling Alberta’s economy. Even with tax tweaks, oilsands production costs could climb 5-15%, making margins…
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