Quote:
Originally Posted by OldDutch
Good to see JT wagging his finger at the O&G industry yesterday, telling everyone he looking forward to shutting it down. Yet doesn’t realize that the piggy bank his government steals from is filled in large part by that industry.
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Quote:
Originally Posted by Macman
In the second quarter this year Canada’s 22 largest petroleum producers paid $12.7B in taxes and royalties to Canadian governments. (ATB Capital Markets, source) Part of that is because capital investment has been recovered moving producers into a higher royalty bracket.
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Not to mention the tax revenue that service companies paid, and the income tax from employees of said producers and service providers.