Biden in a no-win Saudi oil bind
- Thread starter oil&gas
- Start date
Yeah so, nobody said they don't pay taxes in the industry, but only you said the fossil fuel industry doesn't get ANY subsidies. I guess you know more than the industry experts at the Wall Street Journal!!
Oil and Gas Subsidies Are Under Pressure
Oil and gas investors need to stop fretting about subsidies for green energy and start worrying about hanging on to the prodigious ones their own industry receives.
www.wsj.com
Moving the goal posts is a classic response when right wingers are caught out.Yeah so, nobody said they don't pay taxes in the industry, but only you said the fossil fuel industry doesn't get ANY subsidies. I guess you know more than the industry experts at the Wall Street Journal!!
Oil and Gas Subsidies Are Under Pressure
Oil and gas investors need to stop fretting about subsidies for green energy and start worrying about hanging on to the prodigious ones their own industry receives.
name the subsidy programs
it is pretty simple really
any govt outlay of billions of dollars needs to go through a specific program
oh, you cant name the program or government department / ministry ?
oh, the industry experts at the Wall Street Journal cant name the program or government department / ministry ?
simply because these subsidies do not exist
do not confuse
1. depreciation/ depletion expenses as all business can claim these
2. imaginary non cash costs some envior warrior thinks should be applied
time to clue in
the cash flow is from industry TO GOVT in the form of
1. huge royalties ( which go up with higher oil / natural gas prices)
2. income tax w (which all profitable companies in all industries pay)
$138 Billion per year in the US
per year !
no subsidies to the oil and gas sector
ask a couple hundred oil execs if they receive subsidies from the govt
larue has me on ignore because he thinks it means I won't embarrass him publicly if he can't see it.
The guy is singularly incapable of googling 'list of Canadian oil subsidies'
Unpacking Canada’s Fossil Fuel Subsidies
Fossil fuel subsidies hold us back and incentivize pollution. How much do Canada's governments subsidize fossil fuels, and why does it matter?
| LNG Canada investment | Canada | LNG Canada | $275 million |
| Direct spending & budgetary transfers** | Canada | Oil and gas companies | $318 million |
| Crown royalty reductions | Alberta | Oil and gas companies | $1.136 billion |
| Tax exemptions for certain fuels & uses in industry | Alberta | Industry | $287 million |
| Royalty reductions, including deep drilling and infrastructure credits† | British Columbia | Oil and gas companies | $631 million |
| Reduced tax for aviation fuel†† | Ontario | Aviation Industry | $273.5 million |
| Tax exemption for coloured fuels used in agriculture | Ontario | Agricultural industry | $275 million |
| Fuel tax exemptions and reductions | Quebec | Industry and other consumers | $303.5 million |
your own article says they don’t know;Unpacking Canada’s Fossil Fuel Subsidies
Fossil fuel subsidies hold us back and incentivize pollution. How much do Canada's governments subsidize fossil fuels, and why does it matter?www.iisd.org
“It’s difficult to know”!
then they put a graph with the exact amounts. wtf???
sounds idiotoc that the government is going to give money to the oil companies, until you read this …..
“ for example, the federal government’s unconditional transfer of CAD 320 million to Newfoundland and Labrador’s offshore oil sector and Alberta’s CAD 750 million from the Technology Innovation and Emissions Reduction (TIER) fund for the oil and gas sector to reduce emissions.”
THERE IT IS! how liberals talk out of both sides of their mouths. they can claim they are making the earth greener. scamming fucking evil liars who call whores a whore in public, then sleeps with them after.
larue claimed there were no subsidies, this just lists them.your own article says they don’t know;
“It’s difficult to know”!
then they put a graph with the exact amounts. wtf???
sounds idiotoc that the government is going to give money to the oil companies, until you read this …..
“ for example, the federal government’s unconditional transfer of CAD 320 million to Newfoundland and Labrador’s offshore oil sector and Alberta’s CAD 750 million from the Technology Innovation and Emissions Reduction (TIER) fund for the oil and gas sector to reduce emissions.”
THERE IT IS! how liberals talk out of both sides of their mouths. they can claim they are making the earth greener. scamming fucking evil liars who call whores a whore in public, then sleeps with them after.
If you have issues with the accounting, take it up with the gov't or the oil companies for not being clear.
tax cuts and exemptions are NOT subsidies, especially since a good portion of them are aimed not at the oil industry, but at the end users.
If an airline gets a tax break on fuel, how is that a subsidy to the oil producers?
So what,?
That there is one subsidy that goes to the aviation industry, as it says on the page, doesn't discount the list of other subsidies that are directly to the oil industry.
At least this means you are confirming that larue's claim there are no subsidies is idiotic.
