A day after the federal government unveiled its new retaliatory measures against the US amid the trade war, NDP Leader Avi Lewis is calling on the Liberals to tax energy and critical mineral exports to the US.
There has been growing momentum across the political spectrum behind the idea of using Canadian exports as leverage in the dispute. In recent days, several politicians including Jean Chrétien, Jason Kenney, and David Eby have called on the Carney government to impose or consider imposing an export tax as an option for responding to US tariffs.
The Trump administration is in talks with Venezuela’s interim government about taking an ownership stake in the South American country’s enormous oil resources, two U.S. officials tell Axios.
Why it matters: The historic deal would more than double U.S. oil reserves by drawing from a country that has the world’s largest proven reserves.
August 28th.
Canada’s industrial carbon tax pushes the cost of producing a marginal barrel of oilsands crude to $75 USD (at $95/tonne carbon tax)—well above what new projects in Texas or New Mexico face—stripping away the tax advantage Alberta needs to attract energy investment, according to a new Fraser Institute study by Jack Mintz, president’s fellow at the University of Calgary’s School of Public Policy.
