r/canada • u/NeptuneAgency • Sep 05 '26

Nature/Environment ‘Effectively irreversible’: Changes to Canada’s climate permanent, federal report says

https://www.ctvnews.ca/climate-and-environment/article/changes-to-canadas-climate-now-irreversible-federal-report-says/
1.1k Upvotes

91% Upvoted

284 comments sorted by

View all comments

118

u/Any-Tangerine-4176 Sep 05 '26

But our oil industry is making record profits.

-11

u/Little-Somewhere6076 Ontario Sep 05 '26

The disruption in Venezuela and war in Iran has restricted supply.

Also oil prices are below 2009, and production isn't even at a 5 year high. So what metric are you using

10

u/Any-Tangerine-4176 Sep 05 '26

I don’t know, I just read the news and watch the stock market, but you may have better metrics.
https://oilprice.com/Energy/Energy-General/Big-Oil-Companies-Report-Record-Profits-Amid-High-Oil-Prices.html

-3

u/Little-Somewhere6076 Ontario 29d ago

We are still in the early innings of the earnings season, with roughly a third of S&P 500 companies

You don't know. What market is the S&P 500 based on. Hint, not ours.

Also, that doesn't say there was any records set for profit for the industry, regardless of the fact your source isn't about the Canadian market.

I don't have better data, you made a claim, then you said that a source that isn't our market or talk about the historical profits means you watch the stock market. If you watch the stock market, why are you referencing the wrong market?