From 2000 to 2015 the supply of Alberta oil increased by 400 per cent. Now with fracked U.S. oil flowing, the bitumen sands investments are being mothballed, and more than oil royalties are at stake.
oil and gas subsidies
The International Monetary Fund has stated that Canada's massive subsidization of the fossil fuel industry includes, in relation to natural gas, about $440 million in producer support.
Canada's economy is increasingly at the mercy of a risk-averse, inept corporate elite addicted to government tax breaks, and an ideologically addled government. It is a deadly combination.
The case against tax breaks (and other subsidies) for the fossil fuel industry in Canada.