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Alberta rejects export taxes on crude oil to the US amid tariff dispute

Alberta exports about 4 million barrels of crude oil daily to the United States, worth about $80 billion last year, according to the report.

Reported · Written up by our desk · Energy

Alberta Premier Danielle Smith rejected the idea of imposing export taxes on crude oil shipped to the United States as retaliation for tariffs announced by the Trump administration against Ottawa, arguing the move would harm Canada’s economy. OilPrice reports that Smith said cutting off or taxing Alberta’s oil would be “disastrous,” and that it would likely provoke a disproportionate response from Washington.

According to OilPrice, Smith warned that an oil-tax retaliation plan could extinguish jobs across Alberta and “economically hobble” other provinces to the east during a tariff war. The report also said she cautioned that such escalation could lead to millions of jobs being lost.

OilPrice further noted that Alberta exports about 4 million barrels of crude oil daily to the United States, with the total value of those exports at about $80 billion last year. The article added that while Trump has not yet threatened tariffs on Canadian crude, Smith said the situation could change if Canada moves to use oil exports as leverage.

On the possibility of suspending oil exports to the United States, Smith argued it would be even worse, telling media that the United States would respond by cutting off gasoline and diesel supplies to Ontario and Quebec during the fall and winter transition period, OilPrice reported.

Latest closeWTI crude $81.58 ▼0.9%|Gasoline (RBOB) $2.915 ▼10.4%

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