Cdnfireman
Active VIP Member
You make my point. Favourable tax treatment and loan guarantees don’t draw cash from the government. The loan gets paid back and the extraction and development projects create jobs and generate tax revenues as will the propane processing plants. And nobody will be subsidized by taxpayer money to buy anything produced by these projects. Everyone will pay full price. Rail car lease payments will be offset by oil shippers and can be sold when no longer needed. Trans Mountain will eventually be sold to an operator for a price that hopefully will recover the costs and is currently generating revenues via throughput charges.$3.7-billion to lease thousands of rails cars to ship Alberta crude
Liberals to buy Trans Mountain pipeline for $4.5B to ensure expansion is built
The Alberta government will hand out $500 million worth of royalty credits to two pipeline companies if they build propane-processing plants in the Edmonton region
NDP’s new promise to guarantee a loan of $440 million for a new $2-billion partial bitumen upgrader northeast of the city
$440 million in December 2017 to help producers cut emissions
Canada spends $3.3 billion a year on fossil fuel subsidies, including $1.2 billion in favourable federal tax treatment of oil and gas extraction and development projects
Canada leads G7 in oil and gas subsidies
You make my point. Favourable tax treatment and loan guarantees don’t draw cash from the government. The loan gets paid back and the extraction and development projects create jobs and generate tax revenues, as will the propane processing plants. And nobody will be subsidized by taxpayer dollars to buy anything produced by these projects. Everyone will pay full pop. Rail car lease payments will be offset by oil shippers and can be sold when no longer needed. Trans Mountain will eventually be sold to an operator hopefully for a price that recoups its cost, and is currently generating income for the government via throughput charges.
Note that current refineries and refined product suppliers don’t get a price per liter guarantee unlike the green energy producers who get subsidies per kw/h for power whether it’s generated or not. There’s wind farms in Ontario that get paid whether they spin or not. I doubt there’s an oil company that gets $1.00/ liter for gas it doesn’t
Note that current refiners and refined product suppliers don’t get a price per liter guarantee unlike the green energy producers who get subsidies per kw/h for power whether it’s generated or not. There’s wind farms in Ontario that get paid whether they turn or not. I doubt there’s an oil company that gets $1.00/ liter for oil it doesn’t produce.