This is a news compilation setting the record straight on the day’s top anti-oil and gas stories and providing research and facts to counter misinformation about the oil and gas industry.
Here is a tweet using debunked talking points about the myth of large government support to the oil and gas industry
Here are the debunked talking points being used on social media to spread the myth of large government subsidies to the oil and gas industry
- The bulk of their $18 billion argument is premised on $13.5 billion in export credit insurance and financing from an organization that does not even get its money from the government.
- Most of the $3.6 billion in direct spending detailed in the Environmental Defence report that is being cited is for cleantech or well clean up. This is an incredibly small amount of direct support for one of Canada’s largest industries compared to the $240 billion spent so far on COVID support.
- The oil and gas industry pays more than its fair share in taxes. The gross revenue contribution to federal, provincial, and municipal governments exclusively from the oil and gas sector was $493.3 billion between 2000 and 2018, an average of $26 billion per year.
Statistics Canada (2020b). Table 10-10-0017-01: Canadian Government Finance Statistics for the Provincial and Territorial Governments
Statistics Canada (2020c). Table 33-10-0006-01: Financial and Taxation Statistics for Enterprises, by Industry Type Statistics Canada (2020d). Financial and Taxation Statistics for Enterprises, by Industry Type (x 1,000,000). Custom tabulation.
Statistics Canada (2020a). Table 10-10-0016-01: Canadian Government Finance Statistics for the Federal Government
- Meanwhile, a policy brief from the International Institute for Sustainable Development notes that Canada announced almost $15 billion in financial support for “green” initiatives in 2020.
Here is a story that gets it right.
Ottawa continues to try and pull the ears of politicians on the south side of the Canadian border to try and keep Line 5 open despite Michigan’s orders. Shutting down the pipeline could have long-lasting implications for both Canadians and Americans. It supplies a majority of the energy supplies in Wisconsin, Michigan, and Ontario. Despite dozens of meetings, the governor is still entrenched in her ill-thought-out decision.