4 ms·
Do the oil profits even stay in Canada? Taxes maybe, but it’s not like the province owns the wells.
by jleyank 5mo ago
Do the oil profits even stay in Canada? Taxes maybe, but it’s not like the province owns the wells.
- cmrdporcupine 5mo agoThey get to "own" them when it's time to "clean them up" after they're abandoned by bankrupt shell corporations, that's for sure. https://www.pgic-iogc.gc.ca/eng/1588343274882/1588355750048 https://www.pgic-iogc.gc.ca/eng/1588343274882/1588355750048 https://www.cbc.ca/news/canada/calgary/abaondoned-oil-well-orphan-cleanup-parkland-institute-report-1.6093414 https://www.cbc.ca/news/canada/calgary/abaondoned-oil-well-o... https://www.thestar.com/news/canada/what-did-alberta-do-with-1b-from-trudeau-for-o-g-cleanup/article_58b472c6-b1ad-592d-9ac5-49b1df9bbf0c.html https://www.thestar.com/news/canada/what-did-alberta-do-with... https://www.theglobeandmail.com/business/article-more-than-1-billion-spent-cleaning-up-inactive-wells-in-alberta-led-to/ https://www.theglobeandmail.com/business/article-more-than-1... But Trudeau had it out for Alberta. Better off separating. Yep.
- ChoGGi 5mo agoI think 70-80% of investors are down South, so not much stays here no. And jack shit goes into the heritage fund, just for aimco to throw away (sorry invest).