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fossil fuel subsidies
The feds doled out about $1.9 billion to oil and gas companies in 2020.
Trudeau's Liberals have pledged to end grants, tax credits, and deductions for fossil fuels.
The hidden subsidies come on top of B.C. Premier Christy Clark's many concessions to the natural gas industry, including more than a billion dollars in royalty breaks, a freeze on the provincial carbon tax and taxpayer-subsidized promotion and marketing.
Canada, and the new Minister of Environment and Climate Change, Catherine McKenna, can and should engage more constructively on climate change with the global community, starting at the upcoming UN climate summit in Paris in December.
Today is the first day of the World Economic Forum (WEF) in Davos (Jan 22-25). Many surveys and analysis will be presented at the Forum and side events outlining the problems and solutions the world and nations face. Here are some points of view that you will NOT likely hear coming out of WEF.
The world has a trillion dollars to spare and with that money there isn't much we couldn't do to build a more just and sustainable future. Unfortunately, right now governments around the globe are giving this trillion dollars to some of the wealthiest corporations on the planet. We need an energy revolution, we need climate action, and we need to put people ahead of polluters. This trillion dollars is how we pay for it.
