Title: Is the Canadian Oil Industry Subsidized? Author: Youri Chassin Publisher: Montreal Economic Institute Date: May 2014 Full Report Here Summary: Contrary to renewable energy production, which could not survive without government help, the industry that develops oil and gas resources is highly profitable and has paid on average $18 billion a year in
Oil and gas development is an opportunity for Canada’s First Nations that rivals the traplines of yesterday. Jobs and prosperity derived from energy development and other resource development represent the best chance for Canada’s First Nations to make a life for themselves on their traditional lands.
174 First Nations across Canada are interested in oil and gas development.
For too long the detriments of hydrocarbons have been measured against the so-called benefits of green energy. It is time for an honest discussion on Canada’s energy balance.
When used responsibly, hydrocarbons have the potential to eliminate more pollution-intensive forms of energy, such as the burning of dung or wood in developing areas of the globe.
Without hydrocarbons, life would be nasty, brutish and short.