Tony Keller/The Globe and Mail: The promise of low-carbon oil production is probably a political necessity. Without it, the Liberal electoral coalition could fall apart.
But the more costly we make our carbon rules, the less incentive there is for oil and gas investors to build in Canada. Industry in most of the rest of the world isn’t subject to carbon pricing. Oil is a commodity, and we are placing costs on our commodity producers that are not borne by competitors in countries from Saudi Arabia to Russia to China to the United States…