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Let me explain the two datasets on #abpoli's crude #oilandgas industries: profits/royalties and cleanup costs.
Here is profits ('normal'=10% return on investment; 'excess'=>10%)& #ableg's share of the money generated from our collective natural wealth...
#cdnpoli #RedWater #AROs
Here is profits ('normal'=10% return on investment; 'excess'=>10%)& #ableg's share of the money generated from our collective natural wealth...
#cdnpoli #RedWater #AROs
Here is the same @OilGasCanada data as above, focusing on the last 30 years #abpoli #oilandgas has been in systemic crisis from weight of environmental debt #ableg & @AER_news have allowed to accumulate...
#ableg #cdnpoli #RedWater
#ableg #cdnpoli #RedWater
Here is the above data re-organized from an annual flow of profits/losses to a stock of remaining profits/losses, with average cleanup costs for wells+pipelines+facilities from @ALDPCoalition re-organized by date of first production...
#ableg #abpoli #cdnpoli #oilandgas #RedWater
#ableg #abpoli #cdnpoli #oilandgas #RedWater
I suggest remaining profit minus accumulatedbliabilities/losses is a rather credible measure of #solvency.
Annual Net Worth = Remaining Profit minus Accumulated Liability/Losses
#ableg #abpoli #cdnpoli #oilandgas #RedWater #AROs
Annual Net Worth = Remaining Profit minus Accumulated Liability/Losses
#ableg #abpoli #cdnpoli #oilandgas #RedWater #AROs
Here, it's all put together to illustrate how #ableg & @AER_news have allowed @OilGasCanada to pocket hundreds of billions in real & fictional profits while driving #abpoli #oilandgas insolvent by at least $150 billion (not including financial debt).
#cdnpoli #RedWater #AROs
#cdnpoli #RedWater #AROs
Over 30 years, #abpoli #oilandgas pocketed as much as half trillion in real & imagined profits.
But industry outside oilsands has been insolvent for 15 years, has been unprofitable for a decade,&'s currently insolvent by $150 billion.
That's who #cdnpoli+ #ableg are bailing out.
But industry outside oilsands has been insolvent for 15 years, has been unprofitable for a decade,&'s currently insolvent by $150 billion.
That's who #cdnpoli+ #ableg are bailing out.
