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submitted 6 months ago by RandAlThor@lemmy.ca to c/canada@lemmy.ca

Ottawa offered up at least $18.6 billion in support of the fossil fuel and petrochemical industries in 2023.

$8 billion in loan guarantees for the Trans Mountain pipeline. $7.4 billion in public financing through the Crown corporation Export Development Canada. $1.3 billion for carbon capture and storage projects.

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[-] psvrh@lemmy.ca 25 points 6 months ago

Sorry, we can't afford all those hospitals and houses and daycares and schools. We don't have any money!

(Hands bags of cash to an industry that's already profitable)

[-] kevincox@lemmy.ml 14 points 6 months ago

*to an industry who creates serious health complications that raise the costs of hospitals.

[-] ILikeBoobies@lemmy.ca 10 points 6 months ago* (last edited 6 months ago)

Ontario is spending a ton on health care….but it’s building private practices and hiring private staff in our hospitals

[-] Jaytreeman@kbin.social 9 points 6 months ago

When Harper was still in power, the Canadian government had a deal where the oil companies would get subsidized until the oil sands were profitable.
So Canada was giving the oil companies billions.
I'm putting on my tinfoil hat now.
Trudeau rushed to buy the pipeline when it was canceled. Is that because the oil sands can't be profitable without the pipeline, and this deal is bleeding Canada dry?
I just thought of this now, I'd love some criticism if anyone's got some.

[-] moistclump@lemmy.world 1 points 6 months ago

Canada, no!

[-] cyborganism@lemmy.ca -4 points 6 months ago

Well... Yeah. Between that and the housing market, what else is running Canada's economy? Telecom and grocery monopolies? Our economy is not great...

[-] Grimy@lemmy.world 6 points 6 months ago

Thats why the money should be used to invest and diversify not help oil baron hoard even more wealth.

[-] nik282000@lemmy.ca 1 points 6 months ago

Do you think, just maybe, our politicians have some skin in this game and that they might stand to gain something from throwing billions into oil and gas?

this post was submitted on 01 May 2024
87 points (98.9% liked)

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