Author Topic: TECK FRONTIER pulls out  (Read 1295 times)

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Offline ?Impact

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Re: TECK FRONTIER pulls out
« Reply #30 on: February 25, 2020, 10:13:40 am »
Quebec gives EV rebates up to $8000 and receives 13 billion in equalization, much of it from Alberta. Add the federal rebate of $5000 and you have $13,000 in subsidies to EV buyers. That money doesn't come from renewable energy revenues.

The biggest contributors to Quebec equalization are, in order:

Ontario
Quebec
Alberta



Offline wilber

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Re: TECK FRONTIER pulls out
« Reply #31 on: February 25, 2020, 11:12:00 am »
The biggest contributors to Quebec equalization are, in order:

Ontario
Quebec
Alberta

Quebec receives 13 billion in equalization. Per capita it receives about $2000 more from Ottawa than it contributes in revenues. Only four provinces contribute more than they receive, Ontario, Alberta, BC and Saskatchewan. Per capita, Albertans contribute the most by far, about $5000.
« Last Edit: February 25, 2020, 11:14:25 am by wilber »
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Offline ?Impact

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Re: TECK FRONTIER pulls out
« Reply #32 on: February 25, 2020, 01:10:23 pm »
Quebec receives 13 billion in equalization. Per capita it receives about $2000 more from Ottawa than it contributes in revenues. Only four provinces contribute more than they receive, Ontario, Alberta, BC and Saskatchewan. Per capita, Albertans contribute the most by far, about $5000.

Do you really think I can't tell the difference between apples and oranges?
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Offline Gorgeous Graham

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Re: TECK FRONTIER pulls out
« Reply #33 on: February 25, 2020, 01:21:32 pm »
You mean the differences between apples and apples per capita? lol
"The economy has been relatively strong but Trudeau has chosen to run deficits year after year & has said will continue to do so well into the future.  This means we'll be in a worse & more vulnerable financial position when a recession hits when we HAVE to run deficits again." - Me, Oct. 3, 2019

Offline ?Impact

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Re: TECK FRONTIER pulls out
« Reply #34 on: February 25, 2020, 01:28:21 pm »
You mean the differences between apples and apples per capita? lol

The $13 billion figure is not per capita, and provinces contributing more than they receive is ambiguous.

OLO

Offline JMT

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Re: TECK FRONTIER pulls out
« Reply #35 on: February 25, 2020, 01:32:52 pm »
The $13 billion figure is not per capita, and provinces contributing more than they receive is ambiguous.

OLO

Correct - individual taxpayers make the contributions.  Equalization transfers come from all of us.

Offline wilber

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Re: TECK FRONTIER pulls out
« Reply #36 on: February 25, 2020, 01:40:11 pm »
The $13 billion figure is not per capita, and provinces contributing more than they receive is ambiguous.

OLO

13 billion divided by the Quebec population of 8.485 million equals $1,532.00 per person.

Again, Fig.2

https://lop.parl.ca/sites/PublicWebsite/default/en_CA/ResearchPublications/201701E

Federal revenues from Quebec, just over $6000 per person. Federal expenditures in Quebec, about $8000 per person.

Our own parliament doesn't find it ambiguous at all.
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Offline wilber

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Re: TECK FRONTIER pulls out
« Reply #37 on: February 25, 2020, 01:41:32 pm »
Correct - individual taxpayers make the contributions.  Equalization transfers come from all of us.
The sources of equalization aren't equal, that is why there is equalization in the first place.
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Offline Omni

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Re: TECK FRONTIER pulls out
« Reply #38 on: February 25, 2020, 01:49:15 pm »
Teck Corp. has said they need $75 bbl to make the Frontier Project viable. It's currently sitting around $50 bbl with no signs of increasing appreciably. Even I can figure out the math on that project.

Offline wilber

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Re: TECK FRONTIER pulls out
« Reply #39 on: February 25, 2020, 01:52:44 pm »
Do you really think I can't tell the difference between apples and oranges?

Sure looks like it.
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Offline wilber

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Re: TECK FRONTIER pulls out
« Reply #40 on: February 25, 2020, 02:27:18 pm »
Teck Corp. has said they need $75 bbl to make the Frontier Project viable. It's currently sitting around $50 bbl with no signs of increasing appreciably. Even I can figure out the math on that project.

Thatís why these projects need access to tidewater.
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Offline Omni

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Re: TECK FRONTIER pulls out
« Reply #41 on: February 25, 2020, 02:43:40 pm »
Thatís why these projects need access to tidewater.

Access to tidewater is the only way to bring it up to ~$50. Otherwise it's around $35 these days. If I were Teck, I'd stuff my 20 billion back in my pocket too.

Offline JMT

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Re: TECK FRONTIER pulls out
« Reply #42 on: February 25, 2020, 02:53:27 pm »
The sources of equalization aren't equal,


Right - people who make more money contribute more.

Offline JMT

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Re: TECK FRONTIER pulls out
« Reply #43 on: February 25, 2020, 02:54:06 pm »
Thatís why these projects need access to tidewater.

Access to tidewater will increase the world price of oil?

Offline ?Impact

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Re: TECK FRONTIER pulls out
« Reply #44 on: February 25, 2020, 03:16:52 pm »
Access to tidewater is the only way to bring it up to ~$50.

There are 2 reasons for lower price of tar sands sludge:

1. Limited access to markets
2. Cost to refine into useful product

I always hear #1 quoted, but never #2.