2023: Canadian fossil fuel subsidies reach $18.6B, per Environmental Defence Fund report.

2023 Canadian fossil fuel subsidies reached $18.6B: report. The Environmental Defence Fund's report reveals Canadian fossil fuel subsidies, including loan guarantees for the Trans Mountain pipeline, financing through Export Development Canada, and tax breaks, amounted to $18.6B in 2023. This comes ahead of the federal government's plan to phase out inefficient fossil fuel subsidies by fall deadline.

March 31, 2024
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