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Canadian Oil Asks For More Subsidies Despite Soaring Profits ...Middle East
The Canadian tar sands are having a hell of a year. Canada’s largest oil and gas producer, Canadian Natural Resources Ltd., more than doubled its profits year-on-year in the first quarter of 2022. CNRL is now the fourth most valuable publicly traded oil and gas producer in North America, an incredible feat considering that just a year and a half ago, it was in question whether or not the oil sands would survive at all, thanks to increased scrutiny of the sector’s mega-dirty crude bitumen and rising costs of operations. The sudden…
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