Under the new federal-Alberta memorandum of understanding carbon pricing agreement, net carbon pricing across oil sands barrels for 2026 (actual) and the projected distributions for 2030 and 2050 all remain largely under $5 per barrel, with 2030 costs largely under $2 (in 2026 dollars). This is much less than the federal output-based pricing system and intensity stringencies applied prior to the agreement. This reduction in cost helps support the competitiveness of Canada’s oil sands producers in the global market.
For further details on the impact of the latest carbon pricing agreement on oil sands producers, see this recently released research.
