While it might sound like good news for Alberta coffers in the short term, high oil prices actually threaten to accelerate a longer-term trend in investment that Canada and Alberta should pay close attention to as they develop an MOU that will have broad implications for Canadian competitiveness.

Alberta Premier Danielle Smith, left, and Prime Minister Mark Carney. An Ottawa-Alberta MOU that weakens our industrial carbon pricing regime is a one-way ticket to the bush leagues, writes Kevin Thomas Screenshot courtesy of CPAC