Canada is still backing the fossil fuel industry with billions, report finds ( www.cbc.ca )

Ottawa offered up at least $18.6 billion in support of the fossil fuel and petrochemical industries in 2023.

$8 billion in loan guarantees for the Trans Mountain pipeline.
$7.4 billion in public financing through the Crown corporation Export Development Canada.
$1.3 billion for carbon capture and storage projects.

Jaytreeman ,

When Harper was still in power, the Canadian government had a deal where the oil companies would get subsidized until the oil sands were profitable.
So Canada was giving the oil companies billions.
I'm putting on my tinfoil hat now.
Trudeau rushed to buy the pipeline when it was canceled. Is that because the oil sands can't be profitable without the pipeline, and this deal is bleeding Canada dry?
I just thought of this now, I'd love some criticism if anyone's got some.

psvrh ,
@psvrh@lemmy.ca avatar

Sorry, we can't afford all those hospitals and houses and daycares and schools. We don't have any money!

(Hands bags of cash to an industry that's already profitable)

kevincox ,
@kevincox@lemmy.ml avatar

*to an industry who creates serious health complications that raise the costs of hospitals.

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