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  3. Petroleum producers and refiners pocketed after-tax profit of $192 billion over the last four years alone.

Petroleum producers and refiners pocketed after-tax profit of $192 billion over the last four years alone.

Scheduled Pinned Locked Moved Canada
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  • D This user is from outside of this forum
    D This user is from outside of this forum
    dwazou@jlai.lu
    wrote on last edited by dwazou@jlai.lu
    #1

    Petroleum producers and refiners pocketed after-tax profit of $192 billion over the last four years alone. That is four times more than in the entire 2010s.

    Link Preview Image
    Albertans’ Economic Hardship Reflects Provincial Policy Choices, not “Attacks” by the Rest of Canada - Centre for Future Work

    In this commentary, originally published in the Toronto Star, Centre for Future Work Director Jim Stanford rebuts claims that the living standards of Albertans have been harmed by “attacks” on the province’s oil industry (as claimed by Conservative leaders Andrew Scheer and Pierre Poilievre). In fact, the province’s oil output (and the profits of the oil industry) have never been higher.

    favicon

    Centre for Future Work (centreforfuturework.ca)

    Under the Trudeau Government, oil production reached the highest level in Canadian history

    For the fourth consecutive year, production of crude oil and equivalent products reached a record high, up 4.3% from 2023

    https://www.statcan.gc.ca/o1/en/plus/7940-another-record-year-canadian-crude-oil-crude-oil-year-review-2024

    In fact, Justin Trudeau opened a brand new pipeline:

    The Trans Mountain pipeline expansion began operation in May 2024, providing Alberta crude oil with increased access to Pacific Ocean terminals and markets abroad.

    Crude oil producers were optimistic about the new infrastructure: from May to December, total crude oil movements from Alberta to British Columbia more than tripled (+367.4%)

    Link Preview Image
    Another record year for Canadian crude oil: Crude oil year in review, 2024 - Statistics Canada

    For the fourth consecutive year, production of crude oil and equivalent products reached a record high, up 4.3% from 2023 to 298.8 million cubic metres in 2024.

    favicon

    (www.statcan.gc.ca)

    Are some Albertans not aware of this? !!!

    K 1 Reply Last reply
    6
    • D dwazou@jlai.lu

      Petroleum producers and refiners pocketed after-tax profit of $192 billion over the last four years alone. That is four times more than in the entire 2010s.

      Link Preview Image
      Albertans’ Economic Hardship Reflects Provincial Policy Choices, not “Attacks” by the Rest of Canada - Centre for Future Work

      In this commentary, originally published in the Toronto Star, Centre for Future Work Director Jim Stanford rebuts claims that the living standards of Albertans have been harmed by “attacks” on the province’s oil industry (as claimed by Conservative leaders Andrew Scheer and Pierre Poilievre). In fact, the province’s oil output (and the profits of the oil industry) have never been higher.

      favicon

      Centre for Future Work (centreforfuturework.ca)

      Under the Trudeau Government, oil production reached the highest level in Canadian history

      For the fourth consecutive year, production of crude oil and equivalent products reached a record high, up 4.3% from 2023

      https://www.statcan.gc.ca/o1/en/plus/7940-another-record-year-canadian-crude-oil-crude-oil-year-review-2024

      In fact, Justin Trudeau opened a brand new pipeline:

      The Trans Mountain pipeline expansion began operation in May 2024, providing Alberta crude oil with increased access to Pacific Ocean terminals and markets abroad.

      Crude oil producers were optimistic about the new infrastructure: from May to December, total crude oil movements from Alberta to British Columbia more than tripled (+367.4%)

      Link Preview Image
      Another record year for Canadian crude oil: Crude oil year in review, 2024 - Statistics Canada

      For the fourth consecutive year, production of crude oil and equivalent products reached a record high, up 4.3% from 2023 to 298.8 million cubic metres in 2024.

      favicon

      (www.statcan.gc.ca)

      Are some Albertans not aware of this? !!!

      K This user is from outside of this forum
      K This user is from outside of this forum
      kent_eh@lemmy.ca
      wrote on last edited by
      #2

      Are some Albertans not aware of this? !!!

      They are not capable of seeing anything positive that anyone named Trudeau has ever done.

      C 1 Reply Last reply
      5
      • K kent_eh@lemmy.ca

        Are some Albertans not aware of this? !!!

        They are not capable of seeing anything positive that anyone named Trudeau has ever done.

        C This user is from outside of this forum
        C This user is from outside of this forum
        canadaplus@lemmy.sdf.org
        wrote on last edited by
        #3

        “Yeah, but they forced him to”

        I think that’s literally what I’ve heard on that one. There’s not much point arguing once they can just make up an alternate timeline on the spot to fit their conclusion.

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