this post was submitted on 01 May 2024
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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.

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[–] [email protected] -4 points 6 months ago (2 children)

Well... Yeah. Between that and the housing market, what else is running Canada's economy? Telecom and grocery monopolies? Our economy is not great...

[–] [email protected] 6 points 6 months ago (1 children)

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

[–] [email protected] 1 points 6 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?