In Canada, oil and gas companies pay way more in taxes than any subsidy could balance.

Share on facebook
Facebook
Share on google
Google+
Share on twitter
Twitter
Share on linkedin
LinkedIn

This is a news compilation setting the record straight on the day’s top stories about the oil and gas industry.


News Headline:

A 5 Trillion Dollar Subsidy: How We All Pay For Fossil Fuels

The Facts:

In Canada, oil and gas companies pay way more in taxes than any subsidy could balance.


Here are some stories that get it right, or mostly right.


At long last, new carbon capture project launches in Alberta

The Alberta Carbon Trunk Line system is described as the world’s largest capacity pipeline for CO2 from human activity and its capacity represents about 20 per cent of all current oilsands emissions. It is expected to remove 1.8 megatonnes of CO2 per year, or 339,000 vehicles. It has the long-term potential to remove 15 MT’s per year. This is another glaring example of the oil and gas industry tackling emissions despite what the anti-oil crowd thinks.

This is also another reason to tell your MP to support the oil and gas industry.

Send them a letter here:

https://www.strongandproud.ca/supportcdnenergy

More to explore