When the NDP announced their climate change plan, Shell stood shoulder to shoulder with Greenpeace and the government to promote the carbon tax and the 100 megatonne cap on emissions which would mean slowing down production in the oil sands.
Well, now they’re selling most of their stake in the oil sands to Canadian Natural Resources for $8.5 billion.
From afar it looked like Shell shot themselves in the foot, but in reality and according to their CEO, they decided to back out of the oil sands very shortly after promoting the tax.
It was easy for them to tell Albertans to pay that guilt tax knowing they would be ditching their assets, and Alberta along with them.
Shell will back out of Alberta but they’ll keep taking your tax dollars to run their Quest carbon capture and storage facility – a project added to Scotford Refinery in 2015 that will capture one third of the emissions from the refinery.
The total cost of the project was $1.35B with the Notley NDP contributing $745 million while the feds handed over $120 million.
Shell could have been honest, sold their oil sands stake and walked away but instead they used the opportunity to virtue signal over the climate change scam.
And now they’re walking away with your tax dollars and the countless job losses that come along with a transfer of power.