Canada gives $3.3bn subsidies to fossil fuel producers despite climate pledge
Government subsidy to gas and oil companies undermine Trudeau’s plan to put national price on carbon dioxide by 2018, environmental report warned
A study by four major Canadian environmental groups has shown that carbon pricing risks being undermined by billions of dollars in subsidies to fossil fuel interests, from both federal and provincial governments.
We need to immediately stop building new fossil fuel projects, and fully invest in 100% renewable energy for all so we can phase out those already in use. Investors and governments have a responsibility to both divest from climate destruction and accelerate the just transition to a 100% renewable energy economy.
How can we trust our government when they continue to hand nearly hundreds of billions of dollars in government subsidies to the coal, gas, and oil industries?
Ending these subsidies would be a giant step towards solving the climate crisis saving gigatonnes of carbon dioxide emissions, and helping make clean energy cheaper than fossil fuels.
Links to articles:
Canada criticized over fossil fuel expansion at Morocco climate summit
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Today, close to 209,000 U.S. workers are employed in solar, and the number is predicted to rise to 420,000 workers by 20202.
Today, close to 209,000 U.S. workers are employed in solar, and the number is predicted to rise to 420,000 workers by 20202.
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