Quote:
Originally Posted by Mathgod
Absolutely. But I don't see how we do it without raising the money needed to move along green energy technology more quickly than we're doing now. And from a moral perspective it absolutely should be the O&G companies that should have to pay up. They continue to post ludicrous profits to this day!
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Most Canadian oil companies are just using up their tax pools this year or last. Meaning most Canadian oil and gas companies were not profitable when factoring in their capital spend until recently. Shareholders of oil and gas companies over the last 30 years have actually seen a worse investment than that of the average treasury bond. It was not until coming out of COVID that there has been a large push for dividends and share buybacks. To say “continue to post ludicrous profits” is disingenuous.