Wow, @thenarwhal 's framing here is
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RE: https://mstdn.ca/@thenarwhal/116892280647989537
Wow, @thenarwhal 's framing here is
If [pipelines a]re such an economic boon, why are taxpayers footing the bill?
Why indeed?
Why are Canadians paying to subsidize exports?
If the world market can't afford to pay for fossil fuels, why should we cover the cost?
https://thenarwhal.ca/three-pipeline-announcements-2026/?utm_source=mastodon&utm_campaign=grassroots
#CDNPoli #Canada #Politics #FossilFuels #OilAndGas #Pipeline
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RE: https://mstdn.ca/@thenarwhal/116892280647989537
Wow, @thenarwhal 's framing here is
If [pipelines a]re such an economic boon, why are taxpayers footing the bill?
Why indeed?
Why are Canadians paying to subsidize exports?
If the world market can't afford to pay for fossil fuels, why should we cover the cost?
https://thenarwhal.ca/three-pipeline-announcements-2026/?utm_source=mastodon&utm_campaign=grassroots
#CDNPoli #Canada #Politics #FossilFuels #OilAndGas #Pipeline
@datum @thenarwhal it needs subsidies because no investor wants to take 30y bet on an industry that's already collapsing.
The global price managed to collapse while the worlds largest producers in Russia and the middle east are unable to ship. What's the price going to do when Russia, Venezuela, and the entire middle east are shipping? It will be $30/bbl, and AB oil will return to its normal non-viability.
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@datum @thenarwhal it needs subsidies because no investor wants to take 30y bet on an industry that's already collapsing.
The global price managed to collapse while the worlds largest producers in Russia and the middle east are unable to ship. What's the price going to do when Russia, Venezuela, and the entire middle east are shipping? It will be $30/bbl, and AB oil will return to its normal non-viability.
@johnefrancis a big part of the article is how
This is not economic for the industry, so this will be taxpayer-funded. And there’s no certainty about demand for this hypothetical oil that the industry does not seem willing to produce, although Smith has alluded to doing whatever she can to stimulate further oilsands production with additional provincial support
in other words, even at current prices, this project's national economic impact is negative, no matter who pays; the actual projects completions are unlikely without heavily publicly subsidized greenfield expansion, which is the scenario with the greatest losses and harms done.
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RE: https://mstdn.ca/@thenarwhal/116892280647989537
Wow, @thenarwhal 's framing here is
If [pipelines a]re such an economic boon, why are taxpayers footing the bill?
Why indeed?
Why are Canadians paying to subsidize exports?
If the world market can't afford to pay for fossil fuels, why should we cover the cost?
https://thenarwhal.ca/three-pipeline-announcements-2026/?utm_source=mastodon&utm_campaign=grassroots
#CDNPoli #Canada #Politics #FossilFuels #OilAndGas #Pipeline
The whole article https://thenarwhal.ca/three-pipeline-announcements-2026/?utm_source=mastodon&utm_campaign=grassroots is extraordinary by the way, worth reading for people with any political ideology. The interviewee makes a lot of strong statements!
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@johnefrancis a big part of the article is how
This is not economic for the industry, so this will be taxpayer-funded. And there’s no certainty about demand for this hypothetical oil that the industry does not seem willing to produce, although Smith has alluded to doing whatever she can to stimulate further oilsands production with additional provincial support
in other words, even at current prices, this project's national economic impact is negative, no matter who pays; the actual projects completions are unlikely without heavily publicly subsidized greenfield expansion, which is the scenario with the greatest losses and harms done.
@datum yep. And the most recent pipeline is non-economic. Even when the federal govt. took on the $40B financing risk, when it came to set the usage tariffs, they were set far below what is necessary to pay back the $40B over 50 years. So Canadians pay to extract the oil at a loss, pay to export it at a loss, and yet when it comes to us buying fossil fuels...we pay "full global market price".
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The whole article https://thenarwhal.ca/three-pipeline-announcements-2026/?utm_source=mastodon&utm_campaign=grassroots is extraordinary by the way, worth reading for people with any political ideology. The interviewee makes a lot of strong statements!
@datum Canadian should demand the 1st pipeline’s $30B debt be paid off before another pipeline is publicly financed.
The pipelines benefit foreign investors, and an ever declining # of Canadian workers.
Or is it the banks in their now risky oil investments our politicians want to support?
https://influencemap.org/briefing/Canada-s-Big-Five-Banks-Fueling-Fossil-Risk-33753
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@datum Canadian should demand the 1st pipeline’s $30B debt be paid off before another pipeline is publicly financed.
The pipelines benefit foreign investors, and an ever declining # of Canadian workers.
Or is it the banks in their now risky oil investments our politicians want to support?
https://influencemap.org/briefing/Canada-s-Big-Five-Banks-Fueling-Fossil-Risk-33753
@datum Canada’s banks could pay off the TMX in two years …
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@datum Canada’s banks could pay off the TMX in two years …
@pinhman you are full of strong links today!
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