The Globe and Mail: Jon McKenzie, chief executive of Cenovus, said Wednesday that a carbon tax only works when costs can be passed down to consumers; they see the higher price and reduce their consumption, thereby driving down demand for the product in question.
That’s not the case with oil and gas, he said. “We compete in a global market, so the products that we sell get a global price. We’re not able to pass that along to the consumers.”…