UK think-tank calculates the revenue that Cdn govts will get in the future from fossil fuel royalties and taxes as the global economy decarbonizes. Albertans should pay attention to the findings, which contradict what organizations like CAPP have been telling us. 1/n
#abpoli
"Canadian governments stand to lose more than half of their revenue from oil and gas activities through 2040, and nearly nine-tenths of the taxes and royalties the industry says they will collect." 2/n
#cdnpoli #skpoli @EmmaLGraney @CBCNews @globeandmail @JonathanWNV #abpoli
"By 2040, revenues fall 40% in the U.S. and 54% in Canada compared to the five-year averages from 2015 through 2019." 3/n @JustinTrudeau @RachelNotley @abndpcaucus @theJagmeetSingh @AnnamiePaul @yfblanchet @ParklandInst @Pembina
For Canada, oil and gas revenue will fall by 88% compared to the level predicted by the fossil fuel lobby for 2040. That lobby, of course, has a vested interest in making us believe that there is still a bonanza to be made from oil & gas exports. 4/n @yegstrike #ClimateStrike
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