favorite this post CANADIAN OIL INFORMATION (Canada) hide this posting unhide

Prime Minister Justin Trudeau gives the oil sector $41.6 Billion + in Subsidies

Making Canada Number ONE in the world for Subsidies

This is what the oil and gas companies give back

The royalties could amount to merely 1 per Cent so

In 2016, Alberta received about $837 million in royalty payments from oil sands Royalty Projects, down from the

$1.4 billion paid in 2015 and $6.1 billion paid in 2014 – a direct result of the drop in oil prices, and their

Impaction net revenues. Because of "Air Barrels"

Oil sands royalties |

Today it will cost you to clean up Alberta's oil patch? $260 billion

The Cleanup bill is greater than the value

Of the entire oil and gas industry

The Supreme Court of Canada ruled Owners must deal with old oil wells

The government meanwhile has only collected $1.6 billion in liability security from companies so.

The governing Alberta NDP and the official Opposition

Granted Owners until after 2100 to figure out how to clean up their tailings and reclaim the land.

Our Current Outstanding Public Debt of Canada is approximate:

$629,572,079,450.28 CDN.

The Government of Canada borrows much of the monies to cover its shortfalls

From the private sector

Rather than creating money through the Bank of Canada interest-free.

Canadian taxpayers have paid one trillion,

($1,100,000,000,000) in interest on the federal debt to private lenders.

This accumulated debt was monies borrowed to service the debt,

Essentially a payment of interest on interest

To understand how ridiculous the present situation is,

Consider the 1993 Auditor General of Canada report

(Section 5.41)3 which states:

[That this is insane] This has to end





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