Canadian Climate Institute (@climateinstitute.bsky.social)

There are a lot of hot takes flying around on the industrial carbon price. Here are the facts: A minimum carbon price of $130 per tonne of emissions would cost on avg. 50 cents per barrel of oil by 2030.👇

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Ivison: Why Carney and Smith's grand bargain is about to hit the wall | Dave Sawyer | 16 comments No, it’s not $20 per barrel at a $120 carbon price. I honestly don’t know how people arrive at these numbers. Claiming carbon costs of $20 per barrel at a $120 carbon price is way offside with the actual data. https://lnkd.in/gMzsriNS If you look at the real compliance data from oil sands facilities, using administrative data published by Alberta, and then extend it forward using the announced ratchet rates to 2030, a very different picture emerges. Once you properly account for the tax and royalty shield, which knocks roughly 50 percent off compliance costs for most projects, and... https://www.linkedin.com/posts/dave-sawyer-1ab35762_ivison-why-carney-and-smiths-grand-bargain-activity-7434069943186411520-QqRj?utm_source=share&utm_medium=member_desktop&rcm=ACoAAB7FshkBleVVmT92Oj_p-Xw8vNhhSlsClx0