cover image: G20 Scorecard of Fossil Fuel Funding: Canada

20.500.12592/w46m9t

G20 Scorecard of Fossil Fuel Funding: Canada

9 Nov 2020

It provides USD 11.1 processing, and transportation billion per year in public finance for oil and gas, 4. Scale of support for oil and $12.6 billion of support to oil and gas both domestically and internationally, through gas exploration, production, 11th / High exploration, production, refining, and its export credit agency, Export Development refining, and transportation transportation Canada ( [...] In its 2017 fossil fuels 11th / Very poor 12% increase in total government support for fossil fuels relative to the 2014–2016 average budget, Canada continued reforms for certain tax deductions until 2022 (Government of Canada, See Table 2 in the main report for score descriptions and their relationship to numerical scores. [...] However, total government support for are in USD ($) and are annual averages based on the following sources: oil and gas production increased by 17% relative • For direct transfers and tax expenditure: OECD (2020) data, 2017–2019 averages to 2014–2016 averages, with a shift in focus • For induced transfers: International Energy Agency 92020) data, 2017–2019 averages from an emphasis on exploration [...] Backgrounder: Details of Agreement for the Completion of the MAIN UNACCOUNTED FOR AND UNQUANTIFIED SUPPORT → In 2018, Trans Mountain Expansion Project [Fact sheet]. [...] Canada and Argentina to undergo peer reviews of inefficient Kinder Morgan for CAD 4.5 billion (construction costs estimated at CAD fossil fuel subsidies [Press release].
canada

Authors

Vanessa Corkal

Published in
Canada
Rights
IISD, 2020

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