Quote:
Originally Posted by wireframe
The definition of subsidy changes depending on who you ask. Some groups say that oil and gas companies is canada get more than $15b/year while CAPP says $0. It all depends on what you count as a subsidy.
Off the top of my head, the obvious subsidies are:
* tax pools for capital expenditure (COGPPE, CDE, etc.)
* government building the transmountain pipeline
* Royalty holidays, especially in heavy oil production
* research grants to develop fossil fuel technologies
This report had the highest subsidy estimate I've ever seen. You can pick and choose which of the items in here count as subsidies to you and you can be confident that you didn't miss anything. http://https://environmentaldefence....April-2021.pdf |
Literally every industry can write off their capital expenditures over time, exactly the same way tax pools work. The % you can write off per year varies with the usable life of the asset. The fact that they have specified % for oil and gas assets isn't a subsidy.