Ottawa has not yet finalized its proposed regulations. However, the current version is logistically unworkable, overly expensive, and likely to be challenged as unconstitutional.
By Heather Exner-Pirot, Center for North American Prosperity and Security, June 20, 2025
Canada is the world’s third-largest exporter of oil, fourth-largest producer, and top source of imports to the United States. Much of Canada’s oil wealth is concentrated in the oil sands in northern Alberta, which hosts 99 percent of the country’s enormous oil endowment: about 160 billion barrels of proven reserves, of a total resource of approximately 1.8 trillion barrels. This is the major source of oil to the United States refinery complex, a large part of which is optimized for the oil sands’ heavy oil.… Read more