Canada’s fossil fuel subsidies amount to $1,650 per Canadian. It’s got to stop. | The Narwhal
According to a new International Monetary Fund (IMF) report, Canada subsidized the fossil fuel industry to the tune of almost $60 billion in 2015 — approximately $1,650 per Canadian.
Yet subsidizing one of the world’s wealthiest industries is folly.
Such subsidies not only hurt Canadian taxpayers and the economy — they also exacerbate the climate emergency.