• Sign up for the Daily Digest E-mail
  • Facebook
  • X
  • LinkedIn

BOE Report

Sign up
  • Home
  • StackDX Intel
  • Headlines
    • Latest Headlines
    • Featured Companies
    • Columns
    • Discussions
  • Well Activity
    • Well Licences
    • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts/Data
    • CAOEC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
    • Data
      • Canada Oil Market Data
      • Canada NG Market Data
      • USA Market Data
      • Data Downloads
  • Jobs

Court ruling on federal carbon price both clarifying and worrying

March 25, 202110:43 AM The Canadian Press0 Comments

CALGARY – An Alberta oil and gas industry expert says the Supreme Court of Canada’s ruling that the federal carbon price is constitutional raises questions about Canada’s ongoing ability to compete with other energy producers around the world.

Richard Masson, an executive fellow at the University of Calgary’s School of Public Policy, says the ruling represents a shift in power to Ottawa from the provinces which produce most of Canada’s oil and gas and have the most expertise in regulating, promoting, and understanding the industry.

He says that’s a worry because if the price on carbon is set too high in an effort to encourage people to use less fossil fuel, it will allow producers in countries with lower standards to grab market share away from Canadian companies.

Masson says the ruling does provide needed clarity for the industry going forward, pointing out that a new oilsands project could be expected to produce oil for 30 or 40 years and builders want to have as much certainty as possible before committing billions of dollars in capital.

He says he thinks the industry can adapt to the new situation, which includes a carbon price expected to grow from $50 per tonne in 2022 to $170 per tonne by 2030, in part by continuing to improve efficiency and lower energy use to improve emission intensity.

He says it’s possible Canada can increase production by about one million barrels per day over the next decade even with higher carbon pricing, although that will make it more difficult for the country to meet its emission reduction goals.

“I think we’ve got years of trying to strike the right balance yet to come but we’ve got a better framework, more certainty, for understanding,” Masson said.

“If we don’t see the production growth here, it doesn’t mean the world is better off, it just means somebody else is producing the oil because, at the end of the day, it’s overall demand that has to be satisfied.” 29dk2902l

Follow BOE Report
  • Facebook
  • X
  • LinkedIn

Sign up for the BOE Report Daily Digest E-mail

Successfully subscribed

Latest Headlines
  • New oil and gas jobs from BOE Report Jobs
  • Hemisphere Energy Announces Normal Course Issuer Bid Renewal
  • Trump says US to impose 50% tariff on copper imports, copper futures jump
  • Canada maps out widening strait to LNG riches
  • Discount on Western Canada Select narrows

Return to Home
Alberta GasMonthly Avg.
CAD/GJ
Market Data by TradingView

    Report Error







    Note: The page you are currently on will be sent with your report. If this report is about a different page, please specify.

    About
    • About BOEReport.com
    • In the News
    • Terms of Use
    • Privacy Policy
    • Editorial Policy
    Resources
    • Widgets
    • Notifications
    • Daily Digest E-mail
    Get In Touch
    • Advertise
    • Post a Job
    • Contact
    • Report Error
    BOE Network
    © 2025 Stack Technologies Ltd.