A really great analysis just posted by CBC‘s Senior Business Producer, Don Pittis, looks at why Canada (read: taxpayers) is subsidizing oil companies to the tune of $34 billion.
All this money is being spent on some of the world’s richest companies to find more oil, which will subsequently pump more greenhouse gas emissions into our air — a viscious cycle that we as taxpayers are actively promoting with our own hard-earned money.
As Pittis writes:
“Despite saying one thing while doing another, the annoying part for people like me — who believe that the forces of economics are beneficial — (Read more…)