Canada’s fossil fuel subsidies total $34 billion

15 May 2014
International Monetary Fund report shows Canadian government aid to oil, gas and coal companies is more than 20 times Environment Canada’s annual budget

http://m.thetyee.ca/Opinion/2014/05/15/Canadas-34-Billion-Fossil-Fuel-Subsidies/

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2 Responses to Canada’s fossil fuel subsidies total $34 billion

  1. Eric McLeod says:

    Hi about that IMF report, as it turns out the fossil industry does not actually receive 34$ billion dollars in subsidies, if you look at the IMF’s methodology, what the IMF is counting as a subsidy, are not subsidies. For example they count automobile accidents as a “fossil fuel subsidy,” so if you total your car and it’s $30,000, that 30K gets counted as a fossil fuel subsidy. In reality the FF industry receives about a billion in subsidies, and the solar and wind sector gets about 4 billion. Thanks http://business.financialpost.com/2014/05/21/imfs-imagined-34-billion-silly-stats-are-behind-claims-that-canada-subsidizes-oil-industry/

  2. Bob Thomson says:

    If you don’t believe the IMF, you probably won’t believe the comprehensive November 2014 Overseas Development Institute and Oil Change International report “The fossil fuel bailout: G20 subsidies for oil, gas and coal exploration”
    http://www.odi.org/sites/odi.org.uk/files/odi-assets/publications-opinion-files/9234.pdf

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