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.
Over the past three years, oil and gas pipelines received more than CAD 23 billion in support from Canadian federal and provincial governments, including CAD 10 billion since the COVID-19 pandemic started, reveals a new study released by the International Institute for Sustainable Development (IISD).