Climate change is a global human rights emergency of unprecedented proportions—and devastating consequences. Canada’s contribution to this crisis must be addressed. We must immediately end our bankrolling of fossil fuels.
public financing of fossil fuels
Canada is the largest public financier of fossil fuels in the G20, funnelling billions of dollars in support every year into an industry that must be wound down to avert severe climate breakdown. In this submission to a parliamentary committee, we call for an immediate, legally binding end to all public financial support for fossil fuels.
In this op-ed in The Hill Times, we argue that Ottawa must initiate a swift and complete phase-out of all public financial support for fossil fuel development of any kind - with no allowances for technologies, such as carbon capture, that prolong our dependence on fossil fuels at a time when we must be rapidly winding down their use.
Canada is propping up the oil and gas industry with more public financing than any other G20 nation. Ottawa's phaseout of this fossil finance should be swift and complete, argues Above Ground's director in this Toronto Star opinion piece.
Above Ground joins nearly 250 civil society groups from around the world in calling on governments to immediately end all public finance for fossil fuels, including that provided by export credit agencies like Export Development Canada.
With Export Development Canada set to announce its new climate targets any day, Above Ground and over one hundred civil society organizations are calling on Ottawa to follow the example set by the United Kingdom and immediately order EDC to align its business with Canada’s climate obligations.