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Canada becomes first G20 nation to end fossil fuel subsidies (phasing in)


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WWW.CBC.CA

Ottawa published its plan for eliminating inefficient fossil fuel subsidies today — making Canada the first country among wealthy, heavy-emitting nations to do so, according to the federal government.

 

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n 2009, the countries that make up the G20 publicly promised to "phase out and rationalize ... inefficient fossil fuel subsidies" over the "medium term."

Such subsidies "encourage wasteful consumption, reduce our energy security, impede investment in clean energy sources and undermine efforts to deal with the threat of climate change," said the G20 communique.

 

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Environment and Climate Change Minister Steven Guilbeault announced the plan in Montreal Monday as Canada continues to grapple with one of the worst wildfire seasons ever recorded and devastating flooding in Nova Scotia.

 

"We're eliminating subsidies to produce fossil fuels in Canada, unless those subsidies are aimed at de-carbonizing the emissions of the sector," Guilbeault said.

 

It's only a part-measure as money comes from elsewhere as well. I expect the Liberals to announce more over the coming year. This step was a requirement of the supply agreement with the NDP (social democrats) to keep the Liberals in power. Overall, however, a good step.

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9 minutes ago, mclumber1 said:

What sort of subsidies was the Canadian government providing to these fossil fuel companies? 

 

A variety of sources, including loans, subsidies for exploration, construction, etc. Some of these sources are being phased out, and the others will hopefully follow in the next 1-2 years.

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12 minutes ago, stepee said:

 

Is Alberta a more right wing providence? Asking for a friend who would consider living in Calgary otherwise 

 

Yes. Their current premier is a vaccine-denying MAGA type. Alberta and Saskatchewan are the two most conservative provinces in Canada. At least Calgary and Edmonton are okay cities.

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3 minutes ago, CitizenVectron said:

 

Yes. Their current premier is a vaccine-denying MAGA type. Alberta and Saskatchewan are the two most conservative provinces in Canada. At least Calgary and Edmonton are okay cities.

 

That’s terribly disappointing!

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