Industry Videos

Oil Sands’ Competitiveness Crunch

Saudi Arabia’s heavy crude, emitting roughly 27 kg CO₂ per barrel, sets a stringent emissions benchmark for Asian buyers. Alberta’s oil‑sands output, already carbon‑intensive, must command premium prices to remain viable against that standard. The sector’s competitiveness now hinges on who ultimately shoulders rising carbon costs—producers or the public purse. This tension underscores a broader debate over climate‑linked pricing in global oil markets.