Canada’s Eco-Minister Wants To Dictate How Much Money Oil Companies Make

Those who push a radical eco-socialist will never be happy with what the private sector energy industry does.

Who gets to decide how much money private oil companies are allowed to make?

Should the market decide?

Should Canada’s national interests decide? [bold, links added]

Or should far-left environmental minister Steven Guilbeault [pictured, top] decide?

Apparently, Guilbeault thinks it’s up to him:

“Oil and gas companies are making record profits.

It’s time for them to make record investments in clean energy and reducing pollution.”

Oil and gas companies are making record profits.

It’s time for them to make record investments in clean energy and reducing pollution. pic.twitter.com/km14XbZ3ST

— Steven Guilbeault (@s_guilbeault) October 27, 2022

Guilbeault isn’t promoting or supporting the oil and gas sector – which would be in our national security interest.

Instead, he is demanding the right to dictate what they do with their profits.

More absurdly, he seems to believe that he gets to decide when they’ve made ‘enough’ money.

In a free country, it’s not the government’s job to say when a company is ‘too profitable’.

And it is especially pathetic for Guilbeault to be saying this.

If the oil and gas sector was struggling, Guilbeault would be crowing about how that supposedly shows the oil and gas sector was being ‘phased out.’

And talking about ‘too much profit’ also masks the fact that Liberal government policy has artificially restrained Canada’s oil and gas sector.

Of course, they will have high short-term profits when there is a global shortage of energy due to war and insane ‘green’ policies that left much of the Western world dependent on authoritarian dictatorships for energy.

But that short-term gain only masks the long-term pain the oil and gas sector in Canada has experienced.

Over $150 BILLION worth of oil and gas projects have been canceled in Canada during the Liberals’ time in office, meaning Canada could have had much lower energy costs, and global energy prices could be lower had we fully utilized our energy resources.

If you artificially restrict the production of something that is in high demand, those who produce it will profit. But that doesn’t change the fact that Canada’s oil and gas sector has been struggling.

So, for Guilbeault to complain about the impact of his policies is an absolute joke.

Economic illiteracy everywhere

From Guilbeault to Trudeau to Jagmeet Singh and much of the media, economic illiteracy runs rampant.

The Liberals have made it tougher to produce, flooded the country with borrowed money, and raised taxes.

That can only end with stagnation and inflation.

For them to complain now just demonstrates their ignorance.

How can you build an ambitious future with those who despise what helps build civilization?

Even amid such difficult economic times, there is reason to be hopeful about the future. Just look at what SpaceX is doing:

Falcon Heavy’s side boosters have landed – marking the 150th and 151st recovery of orbital class rockets pic.twitter.com/vK4ZdfDQtX

— SpaceX (@SpaceX) November 1, 2022

Human innovation can achieve truly amazing things, and the future could bring advances and wonders we can’t even imagine.

Canada is also – theoretically – poised for a bright future, given our well-educated population, history of defending individual freedom, and immense energy resources.

But we won’t have that bright future if we don’t live up to our full potential.

And we won’t live up to our full potential with eco-socialists like Steven Guilbeault making decisions.

Oil and gas companies helped to build this country. They power it. They create jobs. They pay huge amounts of taxes, which goes to roads, schools, hospitals, the military, and more.

Guilbeault has done none of that, and he shouldn’t get to dictate anything to Canada’s oil and gas industry.

h/t RO

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