Why Canada Oil-Sands Industry Wants CO2 Tax Harper Hates: Energy

Why Canada Oil-Sands Industry Wants CO2 Tax Harper Hates: Energy

Jimmy Jeong/Bloomberg

Bitumen, or oil extracted from oil sands, is analyzed at a research facility in Edmonton, Alberta, Canada. Oil companies operating in Canada such as Exxon Mobil Corp., Total SA of France and Canada’s Cenovus Energy Inc. plan to convert billions of barrels of the sticky bitumen into diesel and gasoline.