Minister McKenna’s announcement of public consultations about phasing out inefficient fossil fuel subsidies is a welcome step towards increased transparency. Environmental Defence looks forward to contributing to this process. However, by finding that none of the programs under review qualify as “inefficient” subsidies, the preliminary analysis essentially lets the government off the hook for billions of dollars in support for the fossil fuel industry.
It is particularly disappointing that the analysis does not consider Export Development Canada, the country’s export credit agency, a fossil fuel subsidy provider even though it provides an average of over $10 billion in government-backed support for oil and gas companies every year.
Tomorrow’s reports from the Commissioner of the Environment and Sustainable Development will shed more light on the government’s efforts to fulfill its commitment to phase out subsidies.
Background: Public Cash for Oil and Gas: Mapping Federal Fiscal Support for Fossil Fuels: https://environmentaldefence.ca/report/federal-fossil-fuel-subsidies/
Stop Funding Fossils: New poll shows Canadians want to end public subsidies for oil and gas companies: https://environmentaldefence.ca/report/stopfundingfossils/
About ENVIRONMENTAL DEFENCE (www.environmentaldefence.ca): Environmental Defence is a leading Canadian advocacy organization that works with government, industry and individuals to defend clean water, a safe climate and healthy communities.
For more information or to arrange an interview:
Barbara Hayes, Communications Manager, Environmental Defence; email@example.com