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.

  • @[email protected]
    24•7 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)

    • @[email protected]
      9•7 months ago

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

  • Jaytreeman
    8•7 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.

  • Cyborganism
    -5•7 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
      6•7 months ago

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

      • Nik282000
        1•7 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?

      • Cyborganism
        -7•7 months ago

        I think Trudeau is a good guy IRL. He just joined the wrong party because of his dad’s legacy.

        I think his real values were more in line with the NDP which he should have joined in the first place.

        Now he’s stuck with a party with Neo liberal ideals that he has no choice but to promote.

        • Jaytreeman
          5•7 months ago

          I think our three major parties are all neoliberal. They all want to do the same things, they just argue against how much to spend and who to give the money to.
          There’s exceptions of course. Notably guns and marginalized people.
          I’d prefer not to have a neoliberal government, but until then I’m voting for more freedom for everyone. (NDP or Green)

          • @[email protected]
            2•7 months ago

            There are good labour movement people in the NDP. For example I think it’s tragic that Charlie Angus lost to Singh for party leadership. But currently the NDP leadership pushes more on “neoliberal with some leftist lip-service” than actual labour ideals.