Oil companies put their money up to pay for the projects and the subsidies are reduced royalties and tax incentives. Katz can pay for his rink then the city can allow him to charge and keep a ticket tax for the nect 25 years to pay for a portion of the money he put up for the rink.
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Originally Posted by GGG
The big subsidy in the oilsands is reducing the royalty rate until the capital costs have been paid for. Also 2 billion for carbon capture is a pretty big one.
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