Media Review: Oil and gas companies pay hundreds of millions in taxes in B.C.

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


News Headline:

B.C. subsidizes fossil fuels to tune of hundreds of millions annually, according to study

The Facts:

Oil and gas companies pay hundreds of millions in taxes in B.C.

Today the International Institute for Sustainable Development published a report suggesting that the Province of B.C. uses subsidies as part of their oil and gas policy. However, the report attempts to redefine the term subsidy to imply there is favoritism to the oil and gas industry. In reality, these are normal industry practices and help maintain the neutrality of the tax system.

Here are some facts about B.C.’s Oil and Gas Industry

The oil and gas industry is not only one of the largest industries in Canada, but it is also one of the largest contributors to taxes and the economy.

News Headline:

Suncor’s cogeneration project is full steam ahead

(New power generators at oil sands site to reduce emissions)

The Facts:

Technology in Canada’s oil and gas sector makes us a global leader in reducing emissions.


News Headline: 

‘Playing God’: Exploring the depths of the oil industry’s compensation lakes

The Facts:

Reclamation lakes are helping habitats recover post


News Headline:

B.C. subsidizes fossil fuels to tune of hundreds of millions annually, according to study

The Facts:

Oil and gas companies pay hundreds of millions in taxes in B.C.

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