Canada Fossil Fuel Subsidies Hit $30 Billion Amid Pipeline Push
Amid trade war talk of expanding Canadian energy infrastructure, a new report reveals that direct Canadian subsidies to the fossil fuel and petrochemical sectors reached nearly $30 billion in 2024.
For comparison’s sake, Canada spent between $38 billion and $39 billion on defense in 2024.
“Oil and gas companies – emboldened by their influence over President Trump – are exploiting the current economic uncertainty to call on governments to double down on fossil fuels,” Julia Levin, associate director of national climate with nonprofit group Environmental Defence, which put out the report, said in a statement.