A recent article written by Matt Robinson details subsidies that B.C. pays to the fossil fuel industry. Considering the maturity of the industry, I wonder why we’re subsidizing the sector at all. Also, a sum of $2.6 billion to $ 3.2 billion in outstanding royalty credits from the industry is owed to us, and in 2017-18 at least $268 million in fossil fuel subsidies came to the industry through provincial tax exemptions.
Now, imagine if all the money that is paid in royalties and subsidies to the industry was instead re-directed to the cost of re-training the workers who would be negatively affected by a winding down of the fossil fuel industry. The politicians would then have an easier time meeting their greenhouse quotas.
why you subsidize film industry? cause it’s got a track record of not having sexual predators