Aid for Canada’s energy sector heavily weighted towards fossil fuels in COVID-19 response
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Canada is still backing the fossil fuel industry with billions, report finds
A new report says the federal government is providing billions of dollars in financial support for the fossil fuel industry, despite measures announced last year to limit certain types of subsidies for the oil and gas industry. The analysis, released by the advocacy group Environmental Defence, estimated that Ottawa offered up at least $18.6 billion in support of the fossil fuel and petrochemical industries in 2023.
Leaders’ Club Cuts Fossil Fuel Finance but Falls Short on Clean Energy Support
Signatories of the Clean Energy Transition Partnership have cut their international public finance for fossil fuels dramatically since signing the agreement but are underdelivering on the clean finance pledge.
Revitalizing International Fossil Fuel Subsidy Phase-Out Commitments Through Roadmaps, Closing Loopholes, and Support
A new approach outlines how countries can strengthen fossil fuel subsidy reform commitments with time-bound roadmaps, closing loopholes, and support for lower-income countries.
It's time to finally put an end to public funding of fossil fuels
Next year, Canada will host the G7, an opportune moment to lead by example in aligning spending with its climate commitments, writes IISD's Laura Cameron.