“The CEO of Cenovus says Ottawa’s carbon tax is continuing to undermine investment in Canada’s energy sector and should be scrapped
Jon McKenzie told an audience at the Global Energy Show that Canada has spent the last decade piling on new costs and regulations on the oil and gas sector, while competing oil-producing nations have expanded both investment and production
By News on the Net -- Kris Sims—— Bio and Archives--June 12, 2026
News in Brief—News Headlines | Comments | Back To Full Article
“Over the past decade, we have continued to add incremental regulatory burdens and costs to the industry,” McKenzie said, citing carbon taxes, methane regulations, and permitting delays, as among many other red tape issues.”
“The CEO of Cenovus says Ottawa’s carbon tax is continuing to undermine investment in Canada’s energy sector and should be scrapped.
— Kris Sims (@kris_sims)June 10, 2026
Jon McKenzie told an audience at the Global Energy Show that Canada has spent the last decade piling on new costs and regulations on the oil and… pic.twitter.com/T307h6Vy3N
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