Entries tagged with
oil & gas
Big Companies Use Tax Cut to Automate Away Jobs in the Oil Sands
This report explains how the four biggest oil sands companies received $4.3 billion in tax cuts from the UCP government since 2019 through the so-called “Job Creation Tax Cut,” while at the same time eliminating thousands of employees from their payrolls. The research shows the Big Four used the tax giveaway to increase executives’ pay and boost cash transfers to shareholders, while accelerating automation and cutting jobs.
Innovation Policy and Alberta Universities
On March 31 Premier Jason Kenney announced that the Government of Alberta will invest $1.5 billion and provide an additional $6 billion loan guarantee to facilitate the construction of the Keystone XL pipeline. Research manager Ian Hussey looks at the deal to determine just who benefits from this investment and in what measure.
Alberta Premier Jason Kenney has suggested that the federal government should bail out oil and gas companies in response to the COVID-19 crisis and the Saudi-Russian price war. In this blog researcher Ian Hussey explains why that would be a bad idea.
More Production, Less Capital, Fewer Jobs
This op-ed by Corporate Mapping Project researcher David Hughes appeared in the Edmonton Journal on February 20, 2019.
David Hughes debunks three of the claims from the Alberta government's $23-million "Keep Canada Working" Trans Mountain pipeline expansion campaign.