Public Cash for Oil and Gas: Mapping federal fiscal support for fossil fuels
This report maps and updates IISD's inventory of federal fossil fuel subsidies in Canada.
The top-line message of the report is that subsidies that were quantified are down substantially from IISD's last report due to a combination of three dynamics:
- Reform of fossil fuel subsidies through government policy changes since the last inventory
- A decline in global oil prices since the last inventory, which resulted in less exploration/production
- Companies deferring some tax benefits that could be taken in the future