In the second of a series of blog posts on the Pan-Canadian Framework on Clean Growth and Climate Change, Phil Gass explores what the framework will mean for the electricity sector.
Oil, gas and coal are multi-billion-dollar industries, and every year fossil fuel companies get billions in tax breaks and handouts that increase their profits even further. This website was created to cut through the jargon, so you can understand what’s really happening, debate it, and propose solutions for Canadians and Canada’s economy.
This commentary takes a very preliminary look at consumer fossil fuel subsidies in Saskatchewan. Our initial research identifies roughly CAD 182 million in 2015 in the form of financial supports for the consumption of fossil fuels.
The recent announcement from UAE that it will reform domestic fossil fuel subsidies is the latest in a growing number of countries taking the opportunity to reform subsidies within the energy sector.