Public Cash for Oil and Gas: Mapping federal fiscal support for fossil fuels
This report examines the inventory of federal fossil fuel subsidies in Canada
This report maps and updates IISD's inventory of federal fossil fuel subsidies in Canada.
The top-line message of the report is that subsidies that were quantified are down substantially from IISD's last report due to a combination of three dynamics:
- Reform of fossil fuel subsidies through government policy changes since the last inventory
- A decline in global oil prices since the last inventory, which resulted in less exploration/production
- Companies deferring some tax benefits that could be taken in the future
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