Thread by @standearth

1/6 BREAKING: Our new report with @envirodefence @equiterre reveals 70% of Alberta’s oil sands are foreign-owned, but Canadian taxpayers are still paying giant subsidies to keep the industry afloat: bit.ly/who-benefits-o… #abpoli #cdnpoli

2/6 We’ll say it again for the people in the back: Foreign funders were hiding right in @jkenney backyard all along! The Big 5 companies transferred $8B in profits in 2019 to their mostly foreign shareholders, while government subsidies have increased in the past 5 yrs.

3/6 It’s outrageous that @JustinTrudeau @ Bill_Morneau are still considering bailing out foreign-owned oil companies with Canadian tax dollars, when these same companies send the majority of their profits overseas - and employ a tiny fraction of the Canadian workforce.

4/6 Pre #covid19, Canada’s oil industry was already struggling. 53,000 tar sands jobs were lost in the past 5 years. But CEOs still received massive pay rises. These jobs are likely not coming back. Fortunately, almost 80% of Albertans support the transition to #renewableenergy

5/6 Cleaning up the mess left behind by the oil sands industry could cost $260B and take up to *3000 years* (no that’s not a typo) to complete. So the majority of profits are leaving the country, but the abandoned wells and leaky tailing ponds? Those aren’t going anywhere.

6/6 It’s time to stop prioritizing the profits of foreign-owned corporations & the interests of their shareholders ahead of the long-term health of Canada’s workforce, environment and economy. Share this report with the govt: bit.ly/3bb1pfX #aboli #cdnpoli #justrecovery

Read our press release: stand.earth/latest/Canada-…