fossil fuels

fossil fuels

Whatever happened to Canada’s review of non-tax fossil fuel subsidies? A letter to the environment minister

Canada has pledged to end inefficient fossil fuel subsidies by 2025. Last year the government launched a review of federal non-tax measures that benefit fossil fuel companies and may qualify as inefficient subsidies. In this letter, we ask when the review will be finalized and whether the full results will be made public.

The 10-billion dollar elephant in the room

As leaders of the world’s richest countries gather at the G7 summit today, Canada’s prime minister intends to push for a commitment on climate change in the meeting’s final statement. But the government’s slow progress on a 2009 pledge to eliminate fossil fuel subsidies raises questions about Canada’s own commitment to cut emissions.

Public financing of oil & gas mustn’t be overlooked in fossil fuel subsidies review

In this letter, we urge Canada’s environment minister to ensure that financing provided to oil and gas companies by Export Development Canada (EDC) is included in the government’s review of non-tax fossil fuel subsidies. As the government works towards its stated goal of fighting climate change, the billions of dollars in support EDC provides to the oil and gas sector every year must not be left out of the equation.

Is EDC ready to run Canada’s new development finance institute?

Earlier this year, Export Development Canada (EDC) was tasked with running Canada’s new Development Finance Institute. In its new role financing private investment for the purposes of poverty alleviation and sustainable development, EDC will need to adopt robust due diligence practices to ensure the investments it supports respect human rights and the environment.