Misleading British Columbians about oil and gas subsidies is disingenuous and diminishes the upcoming royalty review in the province.

Share on facebook
Facebook
Share on google
Google+
Share on twitter
Twitter
Share on linkedin
LinkedIn

Setting the record straight on the day’s top anti-oil and gas media stories

ACTIVIST CLAIM: Press release from foreign funded activist group Dogwood on polling about subsidies is full of recycled misinformation about modern natural gas production methods to sway opinion for upcoming royalty review.

THE FACTS:  Misleading British Columbians about oil and gas subsidies is disingenuous and diminishes the upcoming royalty review in the province.

THE SOURCES:

More handouts for fracking companies? Just seven per cent of British Columbians want subsidies to increase


Here are some facts and sources to have a reasoned conversation about subsidies and natural gas production:

  • The figure of $1.3 billion comes from a report from Stand. earth, another foreign-funded activist group, which misleadingly claims that the B.C. government gave away $1.3 billion in oil and gas subsidies in 2020/2021. However, the report only talks about $545 million of which $421 million are royalty reductions.
    https://www.stand.earth/sites/stand/files/bc-ff-subsidies-report-final-rev.pdf


Stories that get it right

GOLDSTEIN: Reports of the ‘death of oil’ greatly exaggerated

Last year as oil markets hit the bricks, many were quick to declare the end of oil, including some Canadian politicians who clearly misunderstood the laws of supply and demand. As the world re-opens and demand increases as we head towards winter, prices are increasing due to a lack of supply. This has caused prices to hit a 7 year high. Sensibly, Canada should be able to help supply this demand, but the forces that be have prevented us from getting our oil to market.

Find this information useful? We can send it directly to your inbox for free.

More to explore