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Originally Posted by Whynotnow
What do you honestly think happens if Canada becomes less of an attractive place for oil and gas companies to operate? They will spend less here. So then what happens? Well since the demand is still there because people need the product it gets produced elsewhere, with an almost virtual certainty that it’s being done in a jurisdiction with weaker protections - environmental and human rights. So the same amount is getting burnt by the end consumer, there is likely more harm to the environment and Canada harms itself in the process. That is Canada leaving billions on the table and probably hurting the environment.
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I'd argue the good that would come from the billions raised from a windfall tax would outweight the bad that would come from some investment dollars potentially leaving the country.
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Clearly you are frustrated with the corporations here but those same profits in a lot of companies are fueling investment in transition.
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When compared to their massive profits, the amount these companies are putting into the transition is a drop in the bucket.
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Originally Posted by Street Pharmacist
That's fair. I'll post here. My only concern was the good news getting lost with all the "yeah but..." stuff. We already know the "yeah, but". Let's celebrate the good stuff still!
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Yes. Definitely. But let's not construe good news as a reason to let our guard down and think that enough is already being done to address the situation.