“The CEO of Cenovus says Ottawa’s carbon tax is continuing to undermine investment in Canada’s energy sector and should be scrapped

“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.
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

— Kris Sims (@kris_sims)June 10, 2026