Canada to end domestic subsidies for unabated fossil-fuel production

[Gone_Fishin]

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

Link to source please.

Link is right here: viewtopic.php?p=3215011#p3215011

There are no subsidies paid to oil & gas companies.

The "subsidy" in the addled minds of socialists is that the egregious tax and royalty payments they do make is not enough. In the socialist's mind, companies should go bankrupt and people should lose their jobs to placate some delirium of the left wing activists.

[fluffy]

"However, the reality is that Canada still gives billions in tax breaks, grants, financing, and other supports to the oil and gas industry every year—totalling over CAD 20 billion in 2022—and a significant portion of these are subsidies."

https://www.iisd.org/articles/insight/f ... -subsidies

[Gone_Fishin]

"However, the reality is that Canada still gives billions in tax breaks, grants, financing, and other supports to the oil and gas industry every year—totalling over CAD 20 billion in 2022—and a significant portion of these are subsidies."

https://www.iisd.org/articles/insight/f ... -subsidies

What credibility does that bunch of social justice warriors have? The author's trained in Indigenous culture and biology, not in economics or government fiscal policy.

*bleep*, she admits she is "engaged in social justice community organizing!!!"

They illustrate my point exactly: it's all in their commie-addled heads.

Laura Cameron is a policy advisor for IISD’s Energy team working in the areas of fossil fuel subsidies, just transition, and oil and gas policy in Canada.

Laura comes to the IISD from the Prairie Climate Centre, where she spent five years developing expertise in climate change communications and community-based research. Through this work, she collaborated with diverse communities across the country—ranging from Anishinaabe Knowledge Keepers to Alberta egg farmers—to produce a wide range of materials on climate for the Climate Atlas of Canada. With a master’s degree in Indigenous governance and a bachelor’s degree in biology, her interdisciplinary interests centre on cross-cultural collaboration, participatory filmmaking, and community-based climate action.

Outside of work, Laura is deeply engaged in social justice community organizing in Winnipeg and has previously been involved in this work in Montreal, Vancouver, and Berlin. She also pursues projects as an independent filmmaker that have been published on CBC and screened at international film festivals.

[fluffy]

*removed*

[BC Landlord]

They illustrate my point exactly: it's all in their commie-addled heads.

The left has learned that if they controlled the terminology, they could make people swallow their clap-trap easier.

[The Green Barbarian]

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?

What "free money" are you talking about Spiff?

The incentives only help a select few (oil companies) and certainly don't help poor people.

What "incentives" are those?

[The Green Barbarian]

I mean, I guess if corporate welfare is ok with you

"Corporate welfare" - more nonsensical babble-speak. I fail to see how throwing money down green toilets is "good", while helping out companies that generate billions of dollars in tax revenue is "bad". It's not.

But while we are talking about this - I always hear from the enviro-lunatics how oil companies are getting "corporate welfare" and "incentives", but when pressed, these financially illiterate fools can never actually articulate what these "incentives" are. They are too ignorant. They are fed a line, and like sheep, they just bleat it out with zero idea what they are talking about.

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

1. Cenovus didn't make $46.4 billion in 2022 - yet another lie
2. What type of financial "handout" did Cenovus get? Please tell us!!

[fluffy]

The left has learned that if they controlled the terminology, they could make people swallow their clap-trap easier.

Emotional manipulation has become popular in all political stripes. The actual question comes down to the depth of one's personal knowledge and ideals, and recognizing when someone is trying to coerce you into getting on board with their philosophy. It comes down to just personal choice in what flavour of government you wish to support, and whether or not you arrived at that choice independently. This is called an informed opinion, and is the basis of responsible democracy.

[The Green Barbarian]

This is called an informed opinion, and is the basis of responsible democracy.

and if more people practiced what you are preaching, the NDP wouldn't exist, and the Liberals wouldn't be given the power to attack the oil and gas industry with such reckless abandon.

[Gone_Fishin]

I mean, I guess if corporate welfare is ok with you

"Corporate welfare" - more nonsensical babble-speak. I fail to see how throwing money down green toilets is "good", while helping out companies that generate billions of dollars in tax revenue is "bad". It's not.

But while we are talking about this - I always hear from the enviro-lunatics how oil companies are getting "corporate welfare" and "incentives", but when pressed, these financially illiterate fools can never actually articulate what these "incentives" are. They are too ignorant. They are fed a line, and like sheep, they just bleat it out with zero idea what they are talking about.

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

1. Cenovus didn't make $46.4 billion in 2022 - yet another lie
2. What type of financial "handout" did Cenovus get? Please tell us!!

Spiff only overstated Cenovus' earnings by $40 billion.

[The Green Barbarian]

"Corporate welfare" - more nonsensical babble-speak. I fail to see how throwing money down green toilets is "good", while helping out companies that generate billions of dollars in tax revenue is "bad". It's not.

But while we are talking about this - I always hear from the enviro-lunatics how oil companies are getting "corporate welfare" and "incentives", but when pressed, these financially illiterate fools can never actually articulate what these "incentives" are. They are too ignorant. They are fed a line, and like sheep, they just bleat it out with zero idea what they are talking about.



1. Cenovus didn't make $46.4 billion in 2022 - yet another lie
2. What type of financial "handout" did Cenovus get? Please tell us!!

Spiff only overstated Cenovus' earnings by $40 billion.

and thus proves my point - people who are financially illiterate think that they should have the right to set economic and taxation policy in this country. They are no different than our finance minister CF, in that they can't read or understand basic financial information. They just parrot whatever nonsense they are told. INCENTIVES - What are they? Do any of you even know what they are?

[Jlabute]

The left has learned that if they controlled the terminology, they could make people swallow their clap-trap easier.

Their statement begins with “The Conversation” and we all know there never was any real conversation. The war against fossil fuels predicated on a 1.5c tipping point is completely arbitrary as this number was just pulled from a hat. There is no science behind it at all. In fact the ipcc states a lot of the current warming is natural, so there isn’t anything that can be done about it. Not to mention this so-called limit was greatly exceeded 8000 years ago and it wasn’t a problem then. All the anti-economic, gender affirming energy policy terminology are Marxist euphemisms.

The article goes from telling us carbon capture doesn’t work

… carbon capture and storage, a technology that has not proven effective at reducing emissions in the oil and gas sector and remains prohibitively expensive.

to supporting non-working carbon capture by industries that don’t have connections to oil and gas. lol. Physics and chemistry is obviously not the problem.

A strong policy would also ensure that public funds like the Net Zero Accelerator Initiative and the Canada Growth Fund, as well as the recently announced investment tax credits for electricity and carbon capture, exclude fossil fuel support and prioritize investments in renewables, energy efficiency, and decarbonizing hard-to-abate industries.

I find the article riddled with trash science and beliefs and a desire to ‘decarbonize’ quicker than an economy can survive. As already mentioned, these people have no credentials, yet neither does Steven Guilbeault.

[The Green Barbarian]

. All the anti-economic, gender affirming energy policy terminology are Marxist euphemisms.

lol - "gender affirming energy policy " - classic.

I find the article riddled with trash science and beliefs and a desire to ‘decarbonize’ quicker than an economy can survive. As already mentioned, these people have no credentials, yet neither does Steven Guilbeault.

Yes too many people relying on Youtube and bloggers to keep them perpetually frightened of the evil sky genie flying around setting wild fires and causing tornadoes in Alberta and Ottawa.

[Urban Cowboy]

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

Your 46.4 billion figure is "revenues" for the year, not "profits" after expenses are deducted.

That figure is actually 4.93 billion, according to one source, and 6.5 billion the other.

https://www.macrotrends.net/stocks/char ... rom%202021.

https://www.cenovus.com/News-and-Storie ... 23/2609466

[The Green Barbarian]

That figure is actually around 6 billion.

But...but...but....the remaining $40 billion are "incentives" don't ya know. That's what Bowl-Cut boy Guilbeault told me anyway.