We slso shouldn’t be paying for well site cleanup, oil spills and all the other environmental damage that the oil industry has been causing for generations, but here we are.
Canada’s oil industry should’ve been nationalized like hydro Québec.
We would’ve kept the profits and would’ve been responsible for the environmental impact.
Instead we have away our resources and perennial profits and are paying for the expenses.
Absolutely. In much the same way that public private partnerships are a giveaway to private interests. Current day government looks to save a few dollars by outsourcing development to a private interest. However, thanks to inflation the money saved is worth less every year, while the actual, real world things which are now owned by some rich asshole are not subject to that same depreciation, and probably even appreciates over time.
That would have created an even larger conflict of interest for the fed/prov governments.
Would it be worse than what we have now? I dunno.
I dunno. It depends. Many articles out there seem to suggest otherwise.
If it’s nationalized, the people get to have a say in how it’s managed. Plus, if the country engages itself in reaching climate goals, they are in control of the industry and can act accordingly.
Trans Mountain ballooned from a $6 billion project to a $30 billion project after it was bought by the feds.
I have no idea what would have happened if it had been built by a private entity, but I suspect the developers would have run out of money at some point. Currently, it sounds like there’s a pretty good chance taxpayers will pick up the bill.
I don’t think that’s a very good example. Wasn’t this project started way before the feds acquired it?
That’s sort of the point: the private entity that started Trans Mountain had to bail because they ran out of money and investors. Governments have much deeper pockets, and are motivated to complete projects regardless of the cost.
Ok so that’s a pretty bad example then.
I can see that there could be conflicts of interests, but at the same time if the country engages itself in objectives to reduce greenhouse gasses and find alternatives, then they have to actually do it. Companies don’t.
We should look at other countries like Norway to see how it’s going on there.
Yeah, Norway is one of the world’s top oil producers, but also the leader in EV adoption by far.
This is such horse shit. The only way we aren’t going to fry ourselves is if we CURB the Oil and Gas sector. Full stop. The fact that governments are subsidizing those idiots is beyond infuriating. How is this okay with the populace? Why aren’t more people up in arms and protesting?
People’s quality of life is heavily rooted in fossil fuels. Our food is delivered by fossil fuel trucks, many homes have furnaces and water heated with gas. We need programs to help shift us away abd use less energy and use greener energy sources. As great as it would be to do a full stop, a full stop of fossil fuels means a full stop in most areas of society.
Lets fund transit, walkable neighbourhoods, and other infrastructure that will reduce our dependance on energy and fossil fuels.
Just vote for the party that will do what you want! /s
Yeah, where is that anti-corporate party again? No Canadian politician is going to turn their back on the absolute assload of cash that will be thrown their way from the petroleum sector.
