subsidies

Let’s End Gas Subsidies

- Adam Clare Leave a comment

For some strange reason countries like Canada keep giving tax money to ultra wealthy oil and gas companies even though they keep killing all life on the planet. Let’s stop this. The team at Solar Share hosted a good information session on how we can reduce government money going to oil and gas, and of course, channeling that money to renewables. It’s worth a watch.

On February 12, over 30 participants joined us for our webinar about ending gas subsidies in Ontario, featuring Kent Elson (Elson Advocacy) and Jessica Hamilton (former political candidate and staffer).

We discussed the Ford government’s plan to overrule the Ontario Energy Board’s decision on gas subsidies, what “natural” methane gas is, and how to effectively engage with our elected representatives in Ontario.

There were some excellent questions and comments, and you can watch the recording here!

Canada Starts to Reduce Oil & Gas Subsidies

- Adam Clare

A country that loves extracting fossil fuels has begun to clean up its tax rebates for the destructive oil and gas industry. Canada spent over $15 BILLION on subsidies for the oil and gas sector in 2021 alone, which isn’t just bad it’s literally funding the destruction of the planet. Thankfully the government has figured out that destroying the land for short term profit isn’t a good idea when the industry profiting kills everything it touches.

Starting this year the Canadian government will begin the long process of cutting tax loopholes and subsidies for oil and gas, which generate billions in profits. Why fund an industry that is insanely profitable that harms people and the planet?

Burning fossil fuels is one of the main drivers of climate change, so ending public spending that supports the industry is crucial. Ending fossil fuel subsidies frees up those funds to support things like renewable energy and electrification. Clean energy is of paramount importance as the world is under pressure to slash greenhouse gas emissions more than 40 per cent by the end of the decade.

“Moving forward, every subsidy that the government would want to grant to the oil and gas sector would have to go through this filter — any department of the federal government, whether it’s finance, international trade, natural resources — to ensure that we do not give federal dollars to support the production of oil and gas or coal,” said Guilbeault. “This is a fundamental shift from what we’ve done in this country for decades.”

Read more.

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