What to do about global warming
- Thread starter Extrafire
- Start date
From the article:
- the gradual elimination of an accelerated capital cost allowance to the industry
- However, according to the Pembina Institute's best estimate, the oil sector still receives close to $2 billion in federal aid annually, despite a period of unparalleled profits and growth, interrupted briefly by the recession (*N.B - no actual examples were given, just an unsubstantiated statement)
- Asked about the memo, he (Harper) declared: "Canada is a world leader in the elimination of these subsidies. Compared to other countries, we have virtually none."
- including tax breaks and special deals for oil companies to support exploration and production. In February, the Obama administration listed 12 tax break to Big Oil
Nope... No mention of the "subsidies" that you promised, just a few references to tax breaks.
Care to take another stab at the question Avro?
Except the 2 billion in annual aid.....none.:roll:
Care to take another stab at it Captain.
Did you read the article that you posted Avro?
Pembina is claiming that there is 2 billion in federal aid, yet they aren't providing any details about it... According to the rest of the article (written by a west coast greenie no less), they are tax breaks.
So' I'll ask you again; What are these actual subsidies?
Can you give me an example?
Pembina is claiming that there is 2 billion in federal aid, yet they aren't providing any details about it... According to the rest of the article (written by a west coast greenie no less), they are tax breaks.
So' I'll ask you again; What are these actual subsidies?
Can you give me an example?
Lots of mention of tax breaks/incentives.. I think that they even used the word "grant", but nothing with details.
So, lemme in on the secret, does that doc specifically support your position? If so, save me some time and tell me the page. If not, it's another skewed and wishy-washy alarmist document that is pissing and moaning for more tax payer support for their industry.
So, lemme in on the secret, does that doc specifically support your position? If so, save me some time and tell me the page. If not, it's another skewed and wishy-washy alarmist document that is pissing and moaning for more tax payer support for their industry.
Any tax breaks or incentives go right back to the feds as tax on the labour the incentives created.
They don't care if product is found. It's all about keeping the drills running.
They don't care if product is found. It's all about keeping the drills running.
Avro is claiming that the industry is receiving direct monies (ie hard currency) as opposed to tax breaks/incentives that only are viable if there is a cash expenditure made in advance.
Hard currency these days comes from investors utilizing the tax breaks they receive using the flow through share programs. It's hard to find an invesment portfolio that doesn't cash in on flow throughs.
