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CALGARY – A bill that would impose an additional tax on Canadian oilsands crude could emerge as a new flashpoint between Canada and the United States.
On Mar. 8, Earl Blumenauer, a Democratic member of the House of Representatives from Oregon, and Ed Markey, a senator from Massachusetts, introduced a bill that aims to slap an excise tax on oilsands crude to be paid into a fund for cleaning up oil spills. That could amount to a 5.5 U.S. cents tax on a barrel of oilsands crude, according to Canadian energy lawyers and industry observers.
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The bill for spills : U S lawmakers propose tax on oilsands that could cost Canadian oil producers US$665M over ten years
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The bill for spills : U S lawmakers propose tax on oilsands that could cost Canadian oil producers US$665M over ten years
financialpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialpost.com Daily Mail and Mail on Sunday newspapers.