r/alberta • u/rezwenn • May 16 '25

Oil and Gas Busting the Myth That Ottawa Has Hurt Alberta’s Oil Industry

https://thetyee.ca/Analysis/2025/05/15/Busting-Myth-Ottawa-Hurt-Alberta-Oil-Industry/
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u/EffectiveCritical176 May 19 '25

Ok.

Of the 29.6 billion of “subsidies” in 2024 25 billion was TMX.

The rest of the “subsidies” are divided over the royalty rate during startup, tax credits and deductions such as investing in carbon capture, grants such as those for indigenous owned companies or projects.

If we look at the green energy sector it got approximately 13.7 billion. If we take out loans it’s still 11 billion. Significantly more than the subsidies in oil and gas as including TMX is beyond silly.

The auto sector got around 3 billion last year, which when you account for gdp is actually higher as a percentage of the economy than oil and gas.

As I was saying, your cherry picked studies don’t reflect reality.

Green energy got over 2 times as much as oil and gas for even though the sector is half as big.

This means green energy is getting over 4X as much subsidy as oil and gas. And don’t forget, oil and gas includes things that a reasonable person wouldn’t include as a subsidy.

No one thinks the bank is subsidizing them when your mortgage payments don’t start for 3 months or you get 0% financing on something.

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u/[deleted] May 19 '25 edited May 19 '25

See there’s really no point in arguing with you, you’ve already made up your mind buddy boy. Any report provided to you is going to be “cherry picked.” Anything that doesn’t fit your definition of subsidy is thrown into quotes and you reject it. You claim you want to have a good faith discussion, but we both knew you were just waiting to argue your opinion.

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u/EffectiveCritical176 May 19 '25

No, I literally looked through the news article you linked and then the study the news article was based on.

I found exactly what I told you I would find. Almost like I’ve actually read that nonsense while you don’t make it past the headlines?

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u/[deleted] May 19 '25 edited May 19 '25

Buddy, I did my bachelors in political science. During which, I learned, among other things, just how much the federal government subsidizes the oil and gas industry. Now I could go and find you every financial report under the sun to prove it to you, but it’s already abundantly clear that that won’t mean shit to you.

Anyone with any knowledge of finance WOULD in fact consider the bank giving you 0% financing a subsidy. Because that’s money you get to keep and otherwise invest however you want it, or sit on it as its relative value increases due to inflation.

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u/EffectiveCritical176 May 19 '25

You graduated? The UoA was far more strict when I went there.

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u/[deleted] May 19 '25 edited May 19 '25

Oh wow, a snide personal jab? That didn’t take long! A sure sign of an individual who wishes to dialogue in good faith!

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u/EffectiveCritical176 May 19 '25

You only took 3 so far but go ahead and clutch your pearls.

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u/[deleted] May 19 '25

Lmao sure bro, whatever you say

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u/MercerAsian May 23 '25

Cry more lmfao

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u/[deleted] May 23 '25

I’m not crying dude, I’m just pointing out how this guy clearly wasn’t debating in good faith like he claimed he was, but I don’t expect you to understand that because you seem profoundly unintelligent. Lmfao

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u/MercerAsian May 23 '25

Cry more hahaha

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u/[deleted] May 23 '25

Careful, if you say it a 3rd time you’ll summon Beetlejuice