Most countries are assessing their cumulative carbon costs on a facility-by-facility level first. They want to understand whatever framework they're operating in and what their costs are actually going to be. They're also looking at it on a portfolio basis. It's not just specific.... Let's say that there's a company that operates in both B.C. and Alberta; it has different calculations, different facilities and different sizes. So, it depends on the technology that the company is using.
Many companies in those cases are now actively identifying pathways, I've heard, to get out of Canada. We're not going to be able to produce the oil and natural gas at nearly the scale that we want. We're going to lose the tax revenues, the royalties, the direct and indirect jobs, and the supply chain opportunities for indigenous communities. All of these things are in jeopardy if we don't look seriously at what the OBPS is scheduled already to accomplish if it's not fixed.
