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US fossil fuel companies also make money from projects outside US. They explore, build the infrastructure, and operate oil fields for other countries.
by mh8h 6mo ago
US fossil fuel companies also make money from projects outside US. They explore, build the infrastructure, and operate oil fields for other countries.
- eru 6mo agoMaybe. But it's not obvious that they would benefit from cheap petrol.
- anonymous_user9 6mo agoIn that case, we should definitely reserve judgement on the weird payment stipulations then. The oil industry probably hates that the government is doing this, and we shouldn't cast aspersions on them.
- fastasucan 6mo agoNot maybe, they do. And noone wants their product so expensive that people starts looking for alternatives.
- justinclift 6mo agoAt a guess, they're probably happy to encourage continued reliance on petroleum, whilst the rest of the world is switching over to renewable energy.
- b112 6mo agoIndeed. All the blather about Canadian "trade surplus" is actually oil. US companies owning that infra sell that oil under market price, to their US corp divisions. The CEO, upper execs are usually American, and so their large salaries, and all corporate profits all flow to the US parent corp. Canada of course sees some taxes per barrel of oil, and local employment, but when you remove all this, Canada has a massive trade deficit with the US Of course for this US calls Canada trade unfair. It's all smoke and mirrors.