Fossil Fuels – At What Cost? Government support for upstream oil activities in three Canadian provinces: Alberta, Saskatchewan, and Newfoundland and Labrador
Global Subsidy Initiative's second report in the series "Fossil Fuels - At What Cost?" uses an internationally agreed definition of subsidy adopted by the World Trade Organization to determine the value and impact of oil production subsidies in Alberta, Saskatchewan and Newfoundland & Labrador.
This detailed analysis is the first of its kind in Canada and allows appropriate comparisons of subsidies with other countries.
The study sets out the financial, economic and environmental trade-offs implied by the 63 subsidies identified at the federal and provincial level. It provides a valuable input for Canadian and provincial governments as they develop an energy strategy for Canada and for governments seeking to integrate economic development with options to improve public finances and lower greenhouse gas emissions.