The GSI program of work for Canada undertakes research and policy engagement on subsidies for fuel consumers and producers at the provincial and national level. It’s key focus is on identifying the scale of subsidie, and strategies for their reform and ultimate removal, in line with Canada’s commitments to the G7 and G20.
Oil, gas and coal are multi-billion dollar businesses, yet every year fossil fuel companies get billions in tax breaks and handouts. In a world that’s shifting to cleaner sources of energy, those subsidies don’t make sense—especially when they work against the other actions we’re taking to fight climate change.
Ottawa, July 31 2019 – Ontario, a province undergoing an aggressive push to balance its budget after projecting a deficit of CAD 11.7 billion in 2018/19, still provides roughly CAD 700 million in subsidies to fossil fuels that increase greenhouse gas emissions and contribute to climate change, according to a new study by the International Institute for Sustainable Development (IISD)’s Global Subsidies Initiative.
This country study and accompanying data sheet compiles publicly available information on G20 subsidies to the production and consumption of coal (including coal-fired power) in Canada in 2016 and 2017.
The International Institute for Sustainable Development (IISD) and Oil Change International (OCI) hosted a Chatham House Rule round table discussion on the just and managed transition in May 2018. This discussion paper highlights key outcomes from this round table for the purposes of informing continuing conversation.