Fossil Fuels – At What Cost? Government support for upstream oil activities in three Canadian provinces: Alberta, Saskatchewan, and Newfoundland and Labrador
Global Subsidy Initiative's second report in the series "Fossil Fuels - At What Cost?" uses an internationally agreed definition of subsidy adopted by the World Trade Organization to determine the value and impact of oil production subsidies in Alberta, Saskatchewan and Newfoundland & Labrador.
This detailed analysis is the first of its kind in Canada and allows appropriate comparisons of subsidies with other countries.
The study sets out the financial, economic and environmental trade-offs implied by the 63 subsidies identified at the federal and provincial level. It provides a valuable input for Canadian and provincial governments as they develop an energy strategy for Canada and for governments seeking to integrate economic development with options to improve public finances and lower greenhouse gas emissions.
Participating experts
You might also be interested in
IISD Applauds Canada’s Reaffirmation to End Domestic Public Finance for Fossil Fuels in Budget 2024
Today's federal budget announcement delivers new measures to support affordability and reaffirms Canada’s commitments on climate action.
Fueling Change: The journey to end fossil fuel subsidies in Canada
How Canada became the first country in the world to introduce a framework for ending government subsidies to domestic oil and gas companies.
G20 Finance Ministerials and World Bank/IMF Spring Meetings: Expert comment
G20 finance ministerials and World Bank/IMF spring meetings will take place this week in Washington. High on the agenda is the need to mobilize trillions of dollars of investment in the transition to clean energy.
Experts Call on G7 to Get Serious on Fossil Fuel Subsidy Reform
At this month’s G7 meetings, ministers need to close the loopholes and show they are serious about tackling fossil fuel subsidies.