The Canadian Association of Petroleum Producers (CAPP), on the other hand, has maintained that the oil and gas industry is not subsidized at all.
In a brief submitted last year to the parliamentary committee, CAPP argued that tax breaks it gets are part of the tax system, “therefore not subsidies.”
I wondered about that and found this article on the subject, which includes:
Canada’s auditor general says that at its most basic level, a subsidy provides an advantage and can include tax measures such as deductions or credits, grants or direct funding (which may be earmarked for things like equipment or R&D), or government loans or loan guarantees (which are often described by the more specific term public financing).
(bolding mine)
So it seems like the CAPP is trying to sell us a false bill of goods, to me.
Subsidy had better not be defined this way.
I wondered about that and found this article on the subject, which includes:
(bolding mine)
So it seems like the CAPP is trying to sell us a false bill of goods, to me.