Stop Canada's Fossil Fuel Subsidies

http://www.primeministerjustintrudeau.com.

http://www.canadianoil.info

CANADIAN OIL INFORMATION

Justin Trudeau Says Bill C-69 bill is necessary if

Canadians want to see their resources developed, he said.

"We're going to work to make sure that we're creating a system

Where Canadians have no say over the pipeline or oil sands

Where you don't have to pass a law to get a pipeline built,

You don't have to buy an energy project in order to de-risk it,

"We want an energy sector where the private sector has confidence

In getting our resources to markets."

Justin Trudeau Says Bill C-69 Needed To Avoid Another Pipeline Impasse

More than two-thirds or 71% of the ownership of oil sands production in

Canada is now owned by foreign entities

Today Tuesday 2018-12-18

Alberta Premier Rachel Notley to Fight “Air Barrels”

As Prices Continue To Plunge

Alberta is losing billions every year because of "Air Barrels"

The government estimates Alberta is losing

$80 million a day due to discounts, to Fight "Air Barrels"

Because of lower prices for Canadian crude

Prime Minister Justin Trudeau gives struggling oil sector $1.6B boost

Alberta Premier Rachel Notley says Ottawa's

New $1.6-billion aid package for the oil patch

"Offering Alberta business owners and industry the opportunity to go further

In debt is not any kind of long-term solution Alberta needs

"Especially not when we are a province and we are talking about an industry

That is very good at being profitable

If given the freedom to do so."

Prime Minister Justin Trudeau is essentially tone deaf

And won't fix the pipeline bottlenecks crippling the province.

Allowing big players to continue to scam the system,

Costing Alberta Billions of Dollars every year

Moreover this problem has existed for years

Even if we had 10 Pipelines

Oil sands producers would be using “air barrels”

To game the pipeline system,

Reducing capacity, lowering bitumen prices and costing

The Alberta government royalty revenues.

While provincial and federal Governments have done little to end

The gaming of the pipeline system.

“But instead of fixing the problem the regulators

Allow big players to continue to scam the system,

Standing idly by while royalty payments to Albertans are eroded”

Alberta is losing billions every year

Canadian Natural Resources estimated last spring that as much as

125,000 barrels a day of capacity on Enbridge Mainline is running empty

Because of air barrel nominations.

Recent throughput statistics on Enbridge’s system Suggest it could be

Closer to 150,000 barrels a day.

We had 100 years of Alberta oil

Today 2018-10-11

Our Current Outstanding Public Debt of Canada is approximate:

$629,572,079,450.28 CDN.

Alberta

Will be $71 billion of debt by the time the

NDP face voters in 2019

Without factoring in the cost of the Olympics,

The Notley government has the province on track for

$96 billion in debt by 2023.



The Canadian budget makes it abundantly clear why

Because every drop of oil and the subsidies goes to

Foreign Entities and Big Businesses

Plus Oil giants pay billions less tax in Canada than abroad

Because the only people paying the debt off is you

Not Canada's natural resources

Canadians we will have nothing but Debt

Today

The Alberta Tar Sands have been dubbed the largest

And most destructive

Industrial project in human history

What would it cost you to clean up Alberta’s oil patch? $260 billion today

We only have $57.8 Billion to clean up Alberta’s oil patch

The governing Alberta NDP and official Opposition told the provincial legislature

Tuesday

Alberta’s oil patch isn’t an emergency now,

Because they have over 70 years to Clean it Up

The NDP and the United Conservative Party

Made the statements as they teamed up

To shut down emergency debate on the issue,

Proposed by Liberal MLA David Swann.

They have been granted until after 2100 to

Figure out how to clean up their tailings and reclaim the land.

After the Federal Court quashes the Trans Mountain Pipeline,

BC.NDP. Premier John Horgan

Has vowed to use every possible means to

Thwart a Kinder Morgan Inc. pipeline expansion,

Rachel Notley pulls out of national climate plan

The NDP. Government of Alberta

Approved a tailings management plan for

Suncor Energy Incorporated,

The oldest mining company in the Canadian tar sands.

By approving this plan,

Suncor will get an additional 70 years after their operations

Shut down to clean up the

Environmental mess that they have created over

60 years of oil extraction.

Today

The Alberta Tar Sands have been dubbed the largest

And most destructive

Industrial project in human history

These open, unlined ponds currently cover 220 sq. km,

An area of land equivalent to 73 New York Central Parks.

A single tailings pond the Mildred Lake Settling Basin

Has been identified by the US Department of the Interior

As the world’s largest dam.

Province-wide there are

150,000 abandoned or inactive wells,

Many of which date back 40 years.

Another 100,000 or so wells have not officially

Declared abandoned or inactive but have

Been paying no royalties to the

Provincial government and will likely also

Become the problem of taxpayers and Landowners.

The looming, multibillion-dollar cost of cleaning up

What would it cost you to clean up Alberta’s oil patch? $260 billion today





While Suncor’s mine will close down in 2033,

They have been granted until after 2100 to

Figure out how to clean up their tailings and reclaim the land.

But the Canadian governments

Continue to hand out billions of dollars in fossil fuel subsidies,

Without disclosing to the public the value of the financial supports and

Tax provisions available to the industry.

The total petroleum subsidies in Canada in 2011 was $20.23 billion

Today Canada's Fossil Fuel Subsidies is close to $40 Billion

All you have to do is look at the Government's graphs

You will see what is really happening in Canada

You will see

"Canada's non-renewable energy resources

Are clearly being sold off for ever-decreasing benefit,"





The only thing Canadians get is a Job to pay for roads, schools and hospitals

Canadians you will never be able to pay Canada's debt off

Today 2018-10-11

You are paying interest on the interest

On the federal debt to private lenders.

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

From the private sector

The Cost of Government Debt in Canada, 2017



In 1974 the Basel Committee was established by the central-bank

Governors of the Group of Ten countries of the member central banks of the

Bank for International Settlements (BIS), which included Canada.

A key objective of the Committee was and is to maintain

“monetary and financial stability.”

To achieve that goal,

The Committee discouraged borrowing from

A nation’s own central bank interest-free

And encouraged borrowing from private creditors,

All in the name of “maintaining the stability of the currency.”

Our Current Outstanding Public Debt of Canada is approximate:

$629,572,079,450.28 CDN.

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:

This “subsidy” to the private lenders must end.

The solution to this problem is simply for the government to stop borrowing

Money from private lenders at interest and borrow from the

Bank of Canada at no interest.

The private banks should also be prevented from creating money.

That right should be returned to the People of Canada

Through the Bank of Canada.

This is why our Resource-Rich Canadian Government is Always so Poor

Alberta, produces over 2.5 million barrels of oil per day

The more oil and gas production go up

Royalties and Government revenue from oil and gas

Goes down to nearly nothing

Royalties could amount to merely 1 per Cent

And Canada provides more subsidies to petroleum as a proportion of

Government revenue than any developed nation on Earth

Because our Government gives away Canada's oil

For far less than any other Country in the World

Alberta government collected more in gambling and casino revenue

And alcohol Sales

That it did in royalties from oil companies

Today Canada's oil is 60% less than USA.

Because

Canada's oil is 71% owned by Foreign Entities

All the benefits and subsidies go to Foreign Entities and big businesses

Plus Oil giants pay billions less tax in Canada than abroad

Canada is number one in the World

Canada provides more subsidies to petroleum as a proportion of

Government revenue than any developed nation on Earth

Bloomberg has called fossil fuel subsidies "Canada's dumbest policy"

Wasteful, expensive, environmentally destructive, and unnecessary.

Two-thirds of Canadians are strongly opposed to

Federal and provincial governments using public dollars

To subsidize oil and gas companies.

Despite this significant public opposition,

The Canadian governments continue to hand out billions of dollars in fossil fuel subsidies,

Without disclosing to the public the value of the financial supports and

tax provisions available to the industry.

The total petroleum subsidies in Canada in 2011 was $20.23 billion

Today Canada's Fossil Fuel Subsidies is close to $40 Billion

PRIME MINISTER JUSTIN TRUDEAU

Trudeau's government spent C$4.5bn (US$3.45bn)

To purchase the

Kinder Morgan's Trans Mountain pipeline.

He made the pipeline a National Security Issue

It's in the national interest of Canada

To keep Canadians working

The Government needs these Jobs to keep our economy going

The Canadian oil and gas industry

The big Five gets all the oil and the subsidies they are doing just fine,"

Suncor, CNRL, Cenovus, Imperial and Husky have remained

"incredibly profitable corporations,"

Banking and paying out to shareholders $13.5 billion last year.

"There's no question that the price crash had a major impact on the industry in Alberta

Most importantly on the almost 20,000 workers who lost their jobs just in 2015,

Canadian government continue to hand out billions of dollars in fossil fuel subsidies,

This is what the Canadian Government does not tell Canadians

If you look at the second Government's graph you will see

What the real cost are for these good paying jobs

This is not counting the $ 40 Billion in Subsidies that is paid to the

Canadian oil and gas industry

The Canadian oil and gas industry now employs about 180,000 workers,

Alberta, produces over 2.5 million barrels of oil per day

Because every drop of oil and the subsidies goes to

Foreign Entities and Big Businesses

Just to keep one full time worker [working] for a year

It costs Canada 5,064.444 barrels of oil

When the pipe line gets build it will pump out three times more oil out of Alberta

Then It will cost three times more oil

Just to keep the same worker [working]

Because every drop of oil and the subsidies goes to

Foreign Entities and Big Businesses

Canadians we will have nothing but Debt

And you will still be paying some of the highest gas prices in the world

The Real Truth is

The only thing Canadians get is very few Jobs to pay for roads, schools and hospitals

This is why Canada is the next Argentina

This really has to end

Canadians you will fight for a Tree and we will fight for a Whale

It's time we fight for Canadians

Because if you don't Canada will be the next Argentina

Canada should be one of the Richest Nations in the World

But our Resource-Rich Canadian Government is Always Poor

The current population of Canada is 37,043,982 as of

Thursday, October 11, 2018,

It means every Canadian Man . Woman and Child in

Canada pays over 40 Billion Dollars to the Energy Sector per year

Fossil fuels subsidised is rising by $10m a minute, says IMF

Our Children will be so far in debt in 10 or 20 years

There will not be enough money in Canada to pay the Fossil Fuel Subsidies

Many Canadians accept the situation as normal,

Something that can't be changed
.
Yet they do not question the absurdity of this reality.

Please read this and send it to all your friends

Because this really has to stop

Because if we don't Canada will be the next Argentina

The only way this will stop is when everyone knows the truth

https://prime-minister-justin-trudeau.business.site

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