86 organizations call on the Government of Canada to fulfill its commitment to phase out public financing of the fossil fuel sector, including derivative petrochemicals and plastics.

About The Submission:

The letter, addressed to Prime Minister Trudeau and government ministers by 86 organizations, urges Canada to uphold its commitment to phase out public financing of the fossil fuel sector, including derivatives like petrochemicals and plastics. While acknowledging the government’s past efforts, the letter emphasizes concerns over continued financial support to the oil and gas industry, particularly from entities like Export Development Canada (EDC). Highlighting the urgency of the matter, the organizations call for significant progress by Fall 2024 and outline recommendations for transparent policy implementation, redirection of funds to renewable energy, and the closure of loopholes in fossil fuel subsidies.

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