Once again, Prime Minister Harper has shown complete disregard for the facts and his government's advice. In last year's G20 meetings, world leaders agreed to phase out fossil fuel subsidies. In the spring, the Department of Finance recommended that Canada should end tax breaks for big oil and big gas. Last year, we promised to end the wasteful subsidies to big corporations. We are running a deficit. We cannot afford to keep giving presents to multinationals that make billions of dollars in profits each year. Companies make enough money as is. Why don't we keep some of our money... for ourself? These subsidies promote pollution and are a waste of money. They should be ended immediately.
TORONTO — Prime Minister Stephen Harper rejected advice from his officials to eliminate tax incentives for the oil patch on a weekend that saw the world's most powerful leaders disdain fresh attempts to combat climate change in favour of fighting deepening deficits.
The G20 countries promised at their last meeting in Pittsburgh to examine where governments were subsidizing fossil fuel consumption and production and then move to eliminate those subsidies.
Read more at
CTV News.
''...in 2007 the government announced the gradual elimination of an accelerated capital cost allowance to the industry. Also, many existing incentives are holdovers from previous Liberal regimes....
ReplyDeleteRead more: http://webcache.googleusercontent.com/search?q=cache:_xE5mA8iSCAJ:www.timescolonist.com/news/Harper%2Bindustry%2Bsubsidies%2Bhardly%2Bgreen/3101613/story.html+harper,+oil+subsidies,+2007&cd=1&hl=en&ct=clnk&gl=ca#ixzz0sHvumX5M