US Bill Set to Tax Canadian Crude Over $600 million over 10 years
(www.bnnbloomberg.ca)
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It's still in early stages, but big push on new tax on Canadian crude. They expect over $600 million over 10 years. Theyve tried to pass this bill a few times in different formats over past few years (same guy), but with new NAFTA, Biden president, Keystone XL cancelled, Paris agreement and other newer issues, its gaining a lot of traction and since we ship crude and bring back the gas instead of refining our own, its going to mean even higher prices if it passes.