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Producer Fossil Fuel Subsidies

Producer subsidies are put in place to cut costs for fossil fuel producers. Some examples include tax breaks, public finance allocated specifically for fossil fuel production, and subsidies to state-owned enterprises.

Reports: G7 Fossil Fuel Subsidy Scorecard: Tracking the phase-out of fiscal support and public finance for oil, gas and coal

Despite their numerous commitments, not only have G7 governments taken limited action to address fossil fuel subsidies, but they have also failed to put in place any mechanisms to define and document the full extent of their support to oil, gas and coal, or to hold themselves accountable for achieving these pledges. The G7 fossil fuel subsidy scorecard aims to address this accountability gap and track, for the first time, each G7 country’s progress in phasing out fossil fuel subsidies across seven indicators.

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Reports: Les subventions du gouvernement à la consommation et au développement d'hydrocarbures au Québec

The Québec Government has just announced the most ambitious GHG emissions reduction target in Canada – a reduction of 37.5% below 1990 levels by 2030. The province would like to reduce the amount of petroleum-based products used by 40% between now and 2030 and increase the total amount of renewable energy being produced by 25% above the current figure during that same period. 

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