Canadian Taxpayers Fork Out $3.3 Billion Every Year to Super Profitable Oil Companies

Some of the largest, most profitable companies in Canada are collectively receiving an estimated $3.3 billion in subsidies every year from Canadian taxpayers, according to a new analysis.

The report, released today by the International Institute for Sustainable Development, a Canadian-based think tank, outlines how billions in federal and provincial tax breaks and corporate incentives benefit companies in the oil and gas sector likeImperial Oil, whose earnings in 2015 were CDN$1.1 billion.

Source: Canadian Taxpayers Fork Out $3.3 Billion Every Year to Super Profitable Oil Companies | DeSmog Canada