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jleyankyesterday at 10:26 PM2 repliesview on HN

Do the oil profits even stay in Canada? Taxes maybe, but it’s not like the province owns the wells.


Replies

ChoGGiyesterday at 10:49 PM

I think 70-80% of investors are down South, so not much stays here no. And jack shit goes into the heritage fund, just for aimco to throw away (sorry invest).

cmrdporcupineyesterday at 10:45 PM

They get to "own" them when it's time to "clean them up" after they're abandoned by bankrupt shell corporations, that's for sure.

https://www.pgic-iogc.gc.ca/eng/1588343274882/1588355750048

https://www.cbc.ca/news/canada/calgary/abaondoned-oil-well-o...

https://www.thestar.com/news/canada/what-did-alberta-do-with...

https://www.theglobeandmail.com/business/article-more-than-1...

But Trudeau had it out for Alberta. Better off separating. Yep.