{"id":20490,"date":"2022-08-19T01:47:39","date_gmt":"2022-08-19T01:47:39","guid":{"rendered":"http:\/\/allanhardingmackay.ca\/courtpainter\/?p=20490"},"modified":"2022-08-19T01:49:29","modified_gmt":"2022-08-19T01:49:29","slug":"20490","status":"publish","type":"post","link":"https:\/\/allanhardingmackay.ca\/courtpainter\/?p=20490","title":{"rendered":"Blame Game…"},"content":{"rendered":"\n
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Poilievre Blamed Climate Taxes While Big Oil Guzzled Profits<\/p>

As gas prices pinched, the Conservative front-runner followed the right-wing script by ignoring \u2018sky high\u2019 billions for oilsands firms.<\/p> <\/cite><\/blockquote>\n\n\n\n

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A cavalcade of right-wing pundits and think tanks echoed this attack on federal climate policy. But the idea that carbon prices were the primary driver behind record-high gas prices is incorrect, according to experts like University of Calgary economics professor Trevor Tombe, who told CBC<\/a> that \u201cit\u2019s really about global oil prices<\/strong>, and that\u2019s really driven by things far beyond the Government of Canada\u2019s control.\u201d<\/strong><\/p>\n\n\n\n

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Reported in The Tyee August 16,2022<\/strong><\/p>\n\n\n\n

Canadian oil and gas companies, along with their shareholders, were doing fantastic. That\u2019s the story contained in recent earnings reports from the top four oilsands producers, which together announced combined profits<\/a> of over $12 billion for the second quarter of this year<\/strong>. <\/p>\n\n\n\n

\u201cOverall, the first half of 2022 delivered solid results, and we\u2019re positioned for an even stronger second half of the year,\u201d gushed<\/a> Alex Pourbaix, president and CEO of oilsands producer Cenovus, as his company announced<\/a> $2.4 billion in earnings for the second quarter of this year. <\/strong><\/p>\n\n\n\n

\u201cIn the second quarter of 2022, Suncor reported the highest quarterly adjusted funds from operations in its history,\u201d interim president and CEO Kris Smith said<\/a> during an August earnings call as the company reported nearly $4 billion in net earnings.<\/strong> \u201cAnd we returned record adjusted fund flow right back to our shareholders.\u201d<\/p>\n\n\n\n

Imperial Oil meanwhile reported net earnings of $2.4 billion, and CNRL reported $3.5 billion \u2014<\/strong><\/p>\n\n\n\n

Reported from DW Deutsche Welle Germany\u2019s international broadcaster<\/strong><\/p>\n\n\n\n

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Poilievre Blamed Climate Taxes While Big Oil Guzzled Profits As gas prices pinched, the Conservative front-runner followed the right-wing script by ignoring \u2018sky high\u2019 billions for oilsands firms. A cavalcade of right-wing pundits and think tanks echoed this attack on federal climate policy. But the idea that carbon prices were the primary driver behind record-high … Continue reading “Blame Game…”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-20490","post","type-post","status-publish","format-gallery","hentry","category-images","post_format-post-format-gallery"],"_links":{"self":[{"href":"https:\/\/allanhardingmackay.ca\/courtpainter\/index.php?rest_route=\/wp\/v2\/posts\/20490","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/allanhardingmackay.ca\/courtpainter\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/allanhardingmackay.ca\/courtpainter\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/allanhardingmackay.ca\/courtpainter\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/allanhardingmackay.ca\/courtpainter\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20490"}],"version-history":[{"count":11,"href":"https:\/\/allanhardingmackay.ca\/courtpainter\/index.php?rest_route=\/wp\/v2\/posts\/20490\/revisions"}],"predecessor-version":[{"id":20507,"href":"https:\/\/allanhardingmackay.ca\/courtpainter\/index.php?rest_route=\/wp\/v2\/posts\/20490\/revisions\/20507"}],"wp:attachment":[{"href":"https:\/\/allanhardingmackay.ca\/courtpainter\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/allanhardingmackay.ca\/courtpainter\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/allanhardingmackay.ca\/courtpainter\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}