LETTER: Why are we subsidizing the wealthy oil companies?

Dear editor,

I really don’t get why we subsidize big oil with the equivalent of about $250 a household in Canada. Those subsidies are our federal and provincial tax dollars.

If I understand the numbers, that’s the equivalent of about $3,500 per tar sands worker. I haven’t looked at all the tar sands investors, but the two biggest, Suncor and Enbridge, reported net earnings of $4.5 billion and $2.9 billion respectively last year. If Trudeau and his gang really wanted to help Canadian families he could stop taking money from our pockets and giving it to big oil.

And what about jobs? There were about 10,000 new temporary foreign workers entered Alberta in 2017, and there doesn’t seem to be a readily available current total number. So whom are these supposed new jobs actually for?

Now Trudeau expects us to insure the viability of a pretty economically and environmentally sketchy pipeline project to the tune of another $500 to $600 per household in capital cost only. This for a company that had $160.7 million in profits in 2017 (Kinder Morgan Canada), and ended the year with no outstanding debt. How many Canadian families can say that? If this “agreement” with Kinder Morgan materializes, I’m betting we’ll end up on the hook for environmental liability as well. Who knows what that bill might be?

I thought we lived in a capitalist system where initiatives that aren’t economically viable die, and other initiatives take their place. Apparently not in Canada. It’s a pretty sad day when our federal government is willing to trample, as fast as it can, over the Constitution, taxpayers, First Nations and the environment to suck up to, with our tax dollars, a businesses sector that has a pretty abysmal environmental record, has a history of dumping Canadian workers for temporary foreign workers, has an iffy long term economic future and seems to be awash in money. But, getting clean water and adequate housing to reserves, or deal with poverty and homelessness, just can’t seem to get that done.

George Penfold

Comox

Just Posted

UPDATE: Elderly man dead following Union Bay collision

The collision happened around 12:50 p.m. on Sunday

Too Good to be Threw thrift store damaged in late night fire

All store profits were used to support Comox Valley Transition society programs

WATCH: Teams gather in Comox for VEX competition

More than 40 teams across Vancouver Island and the Lower Mainland gathered… Continue reading

Dementia village planned for former Comox hospital

Providence Health takes ownership of St. Joseph’s April 1

Vehicle crashes into ground floor of Comox retirement building Saturday

A driver narrowly avoided injury to herself or others as her vehicle… Continue reading

REPLAY: B.C’s best videos this week

In case you missed it, here’s a look at the replay-worth highlights from this week across the province

Patriots make 3rd straight Super Bowl, beat Chiefs 37-31 in OT

New England will meet L.A. Rams in NFL title game

Comox Valley libraries have plenty to offer during Family Literacy Week

Colleen Nelson Special to The Record Do you have a young reader… Continue reading

Pettersson returns to lead Canucks to 3-2 win over Red Wings

Vancouver’s super rookie has 2 points in first game back after knee injury

Support pours in for Vancouver Island couple whose home was destroyed by massive blaze

GoFundMe page reached $10,000 in one day for soon-to-be parents

Skaters stranded in Saint John, NB, amid storm on last day of championships

More than half of the flights out of the city’s airport were cancelled due to the weather

Call for tighter bail rules after Saudi sex-crime suspect vanishes

Mohammed Zuraibi Alzoabi was facing charges related to alleged sexual assault, criminal harassment, assault and forcible confinement of a woman

12 poisoned eagles found in Cowichan Valley

Improper disposal of euthanized animal suspected

Olympic softball qualifier to be held in B.C.

Tournament is to be held Aug. 25 to Sept. 1

Most Read