Hodgson Says Oil Firms Can Fund Pathways Costs as Canada Presses Carbon Pricing Deal
Updated
Updated · Bloomberg · May 25
Hodgson Says Oil Firms Can Fund Pathways Costs as Canada Presses Carbon Pricing Deal
5 articles · Updated · Bloomberg · May 25
Tim Hodgson said Canada’s oil companies can absorb the costs tied to the Pathways project, pushing back against industry claims that climate policy is undermining competitiveness.
The remark comes as Ottawa closes in on a carbon-pricing agreement with Alberta, a negotiation that has stirred growing resistance across the oil sector this spring.
Oil producers have argued the proposed policy would raise costs and weaken their position in global markets, making Pathways spending a flashpoint in the broader federal-provincial dispute.
The clash underscores how Canada’s emissions strategy is increasingly colliding with the economic concerns of its largest oil-producing region.
As Canada builds new oil pipelines, can its climate goals survive global market pressures and foreign carbon tariffs?
Investing in both oil and wind, what is Canada's ultimate strategy for its energy superpower ambitions?
With oil profits dwarfing climate project costs, why are taxpayers co-funding the industry’s transition?