About The Backgrounder:
Canada is committed to ending public financing for fossil fuels by 2025, targeting support provided by federal Crown corporations like Export Development Canada (EDC). The upcoming policy aims to redirect billions from oil and gas subsidies to clean energy initiatives, driving innovation and competitiveness. To be effective, the policy must eliminate all direct and indirect financing for fossil fuels, including gas projects, while ensuring transparency and enforcement. This move is crucial for meeting climate goals and strengthening Canada’s global leadership ahead of its 2025 G7 Presidency.
Download the backgrounder (English)
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