Canada to end domestic subsidies for unabated fossil-fuel production

[Fastandfurious74]

Personally, if a company cant operate without handouts from the government, they shouldn't be in business at all. The free market will correct itself, if a company increases their prices to much, another will lower/keep theirs stable to steal their customers.

I agree!

Defund the CBC! Defund the CBC! Defund the CBC! Defund the CBC! Defund the CBC! Defund the CBC!

The funny thing is, there are no subsidies for oil & gas unless you count the CEWS billions that Trudeau threw at anyone with their hand up.

But the CBC is a Crown Corp.? Crown corporations have a long-standing presence in the country and can provide services required by the public, such as news, the mail, ambulances, ect.

You're comparing apples to bananas, or you think that paying to have something run is the same as "please dont leave the province we will give you money if you stay"

[Jlabute]

What an odd thing to talk about when were talking about oil!

Why? Is something wrong with oil (or gas)? The liquid fuel that created modern society, raised everyones standard of living, and doubled your life expectancy. The same product that environmentalists who know nothing about climate want to replace with solar panels, or as you agree with, subsidize carbon capture. That’ll never practically happen. After 20 years of renewables, they have not decreased our dependance, but just added to the environmental degradation.

This has been talked about many times already. A carbon capture facility like the one planned for Merritt would require half the capacity of site-c, and capture an insignificant amount of CO2. That is what you want subsidized? Why??? There is no energy transition, just a boondoggle transition.

Also, were are a United Country! I may not agree with some of my fellow countrymen but I would never suggest what you are suggesting! Do you believe that western Canada is no longer rich? Or are you comparing the west to the east and think that somehow were worse off? Sorry, I'm just a little confused!

Well, I of course would love to continue with a united Canada, if at all possible. Only a minority feel Canada is united with the ideological Trudeau liberals, the most divisive and meddling PM ever. He interferes with Alberta’s energy production as the Lauentians have an unbalanced amount of power. There is no future for Canada while the NDP and LIB are in power. These parties are devastating the economy, pushing investors away, while wanting transfer payments based on natural resources, while not wanting to invest in these natural resources.

[d0nb]

https://www.castanet.net/news/Canada/43 ... ion#436820

Saw this today on the home page, it's about time too. I am so sick of the government giving these companies my tax dollars. We are not a socialist country, nothing is free!

If Canada and the US don’t want to be seen as brain-dead socialist countries, they shouldn't attack essential industries that help to pay for our social programs while squandering billions to subsidize the manufacture of money-losing BEVs and batteries.

In today's real-world economy, Ford projects it will lose $3 billion on electric vehicles in 2023, bringing its EV losses to $5.1 billion over two years. In 2021, Ford reportedly lost $34,000 on every EV it made. This year, it was losing more than $58,000 on every EV. In a normal world, Ford would be dramatically scaling back EV production, not expanding it.

https://townhall.com/columnists/davidha ... m-n2625710

[BC Landlord]

No worries. Let's scrap the equalization program as well.

[BC Landlord]

Natural resources sector accounts for almost 20% of Canada's GDP, with the biggest chunk being oil and gas industry. Any sane government would do everything in their power to nourish it. Yet, they prefer throwing taxpayer money at money-losing green technologies, and lining up pockets of dictatorships around the world.

[The Green Barbarian]

Natural resources sector accounts for almost 20% of Canada's GDP, with the biggest chunk being oil and gas industry. Any sane government would do everything in their power to nourish it. Yet, they prefer throwing taxpayer money at money-losing green technologies, and lining up pockets of dictatorships around the world.

yes, check out how those wind farms in PEI are doing right now....just money being thrown down a green toilet, that helps no one but a select few, at the cost of everything to everyone, especially poor people.

[Fastandfurious74]

Natural resources sector accounts for almost 20% of Canada's GDP, with the biggest chunk being oil and gas industry. Any sane government would do everything in their power to nourish it. Yet, they prefer throwing taxpayer money at money-losing green technologies, and lining up pockets of dictatorships around the world.

yes, check out how those wind farms in PEI are doing right now....just money being thrown down a green toilet, that helps no one but a select few, at the cost of everything to everyone, especially poor people.

I still fail to see how handing over free money as "incentives" to oil companies to just do what they were going to do anyways isn't exactly what you just stated you don't like? The incentives only help a select few (oil companies) and certainly don't help poor people.

[Fastandfurious74]

Natural resources sector accounts for almost 20% of Canada's GDP, with the biggest chunk being oil and gas industry. Any sane government would do everything in their power to nourish it. Yet, they prefer throwing taxpayer money at money-losing green technologies, and lining up pockets of dictatorships around the world.

I mean, I guess if corporate welfare is ok with you than that's your business but I don't think a company like Cenovus Energy making $46.4 billion should get any type of financial handout

[BC Landlord]

I mean, I guess if corporate welfare is ok with you than that's your business but I don't think a company like Cenovus Energy making $46.4 billion should get any type of financial handout

Would you prefer giving VW a $13B taxpayer cold-hard cash for a battery factory here? Btw, they are making $306B (almost 10x of Cenovus). And how could a foreign company take precedence in taxpayer funding over a Canadian one?

[Gone_Fishin]

I mean, I guess if corporate welfare is ok with you than that's your business but I don't think a company like Cenovus Energy making $46.4 billion should get any type of financial handout

Would you prefer giving VW a $13B taxpayer cold-hard cash for a battery factory here? Btw, they are making $306B (almost 10x of Cenovus). And how could a foreign company take precedence in taxpayer funding over a Canadian one?

It's such spiffy thinking by these leftist zealots in their spiffy clothes, thinking that it would be spiffy to eliminate the largest contributor to our spiffy natural resources economy.

I guess we could just go to a spiffy bank and borrow more spiffy money to fund the country. But we're already deeply in debt and our children and grandchildren are going to have to pay all this spiffy money back some day.

Not so spiffy.

[Fastandfurious74]

I mean, I guess if corporate welfare is ok with you than that's your business but I don't think a company like Cenovus Energy making $46.4 billion should get any type of financial handout

Would you prefer giving VW a $13B taxpayer cold-hard cash for a battery factory here? Btw, they are making $306B (almost 10x of Cenovus). And how could a foreign company take precedence in taxpayer funding over a Canadian one?

Again, not to sure if you’re just cherry picking but in this thread I have already said that I agree on not giving companies money simply for doing business. It was one of my first replies! So no, I do not think they should.

[Fastandfurious74]

Would you prefer giving VW a $13B taxpayer cold-hard cash for a battery factory here? Btw, they are making $306B (almost 10x of Cenovus). And how could a foreign company take precedence in taxpayer funding over a Canadian one?

It's such spiffy thinking by these leftist zealots in their spiffy clothes, thinking that it would be spiffy to eliminate the largest contributor to our spiffy natural resources economy.

I guess we could just go to a spiffy bank and borrow more spiffy money to fund the country. But we're already deeply in debt and our children and grandchildren are going to have to pay all this spiffy money back some day.

Not so spiffy.

Not sure why you would label someone you don’t know as “leftist” let alone “zealots”, my parents taught me basic manners but thats beside the point, what I want to know is how eliminating subsidies would cause the elimination of company? Do you think a company would abandon natural resources that makes them as much money as that because the government stopped paying them?

And in answer to your second point about country debt, we could always tax the ultra rich more! We could solve the debt crisis tonight with the money the CRA could make off a few people alone!

[Gone_Fishin]

And in answer to your second point about country debt, we could always tax the ultra rich more! We could solve the debt crisis tonight with the money the CRA could make off a few people alone!

Trudeau did that. Told us it would bring in an extra $5 billion.

We ended up losing over $1 billion in tax from that demographic as they shifted their holdings around.

Stupid-assed leftist tactics always give bad results. And that's because the left is braindead.

Not so spiffy.

[BC Landlord]

Again, not to sure if you’re just cherry picking but in this thread I have already said that I agree on not giving companies money simply for doing business. It was one of my first replies! So no, I do not think they should.

Fair enough. However, there are really no "subsidies" paid to oil & gas companies. They pay dearly in royalties, corporate taxes, income taxes, you name it, .. just like any other business, plus. Employing close to 100k people. What the left is considering being "subsidies", is the royalties "not being high enough", which btw in their opinion would never be high enough, for ideological reasons.

[fluffy]

However, there are really no "subsidies" paid to oil & gas companies.

Link to source please.