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BC's Fossil Fuel Subsidies Are Second Highest in Canada

The B.C. government handed out $1.3 billion in fossil fuel subsidies over the past two fiscal years, according to a new report by the International Institute for Sustainable Development, an independent think tank.

IISD in the news February 17, 2022

More Say for Smallholders Will Help Standards Address Poverty

Voluntary sustainability standards can be a valuable tool for tackling poverty. But for these standards to be truly effective, smallholder farmers must have a say in how these are designed and put into practice.

Insight February 16, 2022

Taxation

Robust tax policy and administration are essential for governments to mobilize domestic resources and attract investments that drive sustainable development.

Topic February 16, 2022

Provinces Trigger New Fossil Development with Higher Subsidies than Ottawa’s, IISD Reports

Fossil fuel subsidies from Canadian provinces and territories exceed federal support for the industry, triggering fossil fuel production "that may not otherwise occur" and depriving provinces of "millions in uncollected royalty and tax revenue from fossil fuels," concludes a new report.

IISD in the news February 15, 2022

Provincial fossil fuel subsidies pose big problems for Canada's climate goals

Canada's four main fossil fuel-producing provinces shelled out $4 billion in subsidies for the industry from April 2020 to the end of last year, a new report reveals.

IISD in the news February 15, 2022

Canada’s Provinces Provided at Least CAD 2.5 Billion in Fossil Fuel Subsidies Last Year

Provincial governments are still providing billions of dollars to prop up fossil fuels, concludes a new report from the International Institute for Sustainable Development (IISD) tallying subsidies in Canada’s four major oil and gas producing provinces.

Press release February 15, 2022

Provincial oil & gas sector aid topped $2.5B in fiscal 2021: report

Canada's four major oil and gas-producing provinces put at least $2.5 billion in total towards subsidies for the fossil fuel industry in the last fiscal year, according to a new report. The International Institute for Sustainable Development (IISD) says the subsidies undermine the federal government's goal of hitting net-zero emissions by 2050.

IISD in the news February 15, 2022

Engaging Decision-Makers in Moving Beyond GDP and Toward Wealth

This brief outlines how decision-makers can be brought into the discussion around comprehensive/inclusive wealth (C/IW). The goal of this discussion is to encourage countries to move beyond GDP and begin using C/IW as a means of assessing national progress.

Brief February 15, 2022

New Payment System Could Boost Intra-African Trade by Billions of Dollars

The new pan-African payment settlement system can reduce transaction times to seconds and lower costs by billions of dollars, removing a key barrier to intra-African trade.

News February 14, 2022

Zeroing In: A guide for the finance sector on the International Energy Agency’s Net Zero Emissions scenario and its implications for oil and gas finance

This Greenpeace UK, IISD and Oil Change International co-published briefing explains the International Energy Agency’s finding that keeping warming to 1.5C leaves no room for new oil and gas development

Brief February 14, 2022

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