Atlantic Canada has long struggled with being able to create good-paying jobs and this long before the current pandemic. There are multiple reasons for that related to past poor policy and high tax rates on businesses and individuals, among other reasons.
Want to know how much the oil and natural gas industries contribute to British Columbia’s economy? One way to see the impact is to look at those of Indigenous ancestry. Their employment proportions across sectors and incomes reveals a lot about where the good-paying jobs are, and also the broader impact of natural gas and oil expenditures on BC’s economy.
Canadian Energy Centre director of research Mark Milke was on the Danielle Smith show to discuss the dependency of G20 democracies on tyranny oil and gas.
Back in 2009 Russia cut off the natural gas supply to Ukraine in mid-winter, ostensibly over a pricing dispute. That action was a reminder of this hard fact: energy can and is used as an economic and political weapon by autocratic regimes — in this instance, Vladimir Putin’s Russia.
Human beings are hard-wired to respond to stories that paint a relatable picture of whatever issue is at hand.
This Research Brief (which can be downloaded here as a pdf) estimates the gross revenue contribution that Canada’s energy sector, broadly speaking, and the oil and gas sector, specifically, made to federal, provincial, and municipal governments between 2000 and 2018. Gross revenues include personal and corporate federal and provincial income taxes, indirect taxes, royalties, and crown lease payments. This Research Brief updates previous research that the Canadian Energy Centre undertook on this subject.¹