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Shell’s oil sands retreat sparks debate over Alberta’s carbon tax Add to ...

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As soon as it was announced, Royal Dutch Shell PLC’s $8.5-billion (U.S.) sale of oil sands assets to Canadian Natural Resources Ltd. became a volley in Alberta’s political debate about the role of carbon pricing.

The ruling New Democrats emphasized that Canadian Natural is doubling down in the oil sands – even with the province’s decision to enact across-the-board carbon tax at the beginning of this year. Cabinet minister Deron Bilous told reporters in Edmonton on Thursday that both Canadian Natural and Shell both support carbon pricing.

Carbon price not behind Shell’s oil sands sale: McKenna (The Canadian Press)
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