Oil Change International : "Each year, the Government of Canada hands out an average of $1.8 billion (CAD) in subsidies to oil, gas, and coal companies. The subsidies in the federal budget aren’t the only forms of public support that benefit Canada’s fossil fuel industry: government-owned Export Development Canada provides between $2.7 billion and $5.7 billion (CAD) in government-backed finance to oil and gas projects each year, largely to projects overseas.
That means billions of taxpayer dollars per year are being used to fuel the climate crisis and undermine clean energy development. And while Canada first committed to ending fossil fuel subsidies in 2009 as part of a commitment by all G20 governments, little progress has been made. In 2016, it’s way past time for these handouts to end."
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