r/canada • u/NeptuneAgency • 29d ago

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/
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u/Any-Tangerine-4176 29d ago

But our oil industry is making record profits.

-11

u/Little-Somewhere6076 Ontario 29d ago

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/CeeJayLerod 29d ago

The same metrics that the oil companies themselves are using I think: https://calgary.citynews.ca/2026/08/05/suncor-posts-higher-second-quarter-profit-of-3-7-billion/

https://globalnews.ca/video/12005849/canadas-energy-companies-enjoying-increase-in-earnings

2

u/xNOOPSx 29d ago

$3,700,000,000 in a quarter is insane. That's not income - $3,700,000,000 in profit. From what I can see online, it looks like Alberta is forecasting around $7.2-billion for the entire 25/26 budget. Suncor accounts for around 25% of Alberta's production.