Canadian Fossil Subsidies Tripled in 2020, Report Shows – The Energy Mix: The annual inventory of fossil fuel subsidies published by the
International Institute for Sustainable Development (IISD) shows Canada
spent at least C$1.9 billion in direct aid to the traditional energy
sector last year, up from $600 million in 2019, The Canadian Press reports. More than three-quarters of that—$1.5 billion—was to help companies restore abandoned oil wells in Alberta, Saskatchewan, and British Columbia. 

The report also highlights that almost all the direct aid was paid
out in two programs to protect jobs and cut greenhouse gas emissions, CP
says.

Note: Protecting jobs is nice, of course. Many jobs were protected by cleaning up abandoned oil wells. Basically, the companies made their millions, weren’t required to save the millions required for clean up and remediation, so the rest of Canada is ‘on the hook’ to clean up their mess while they lounge in their profits. Pretty good deal for them….

Canadian Fossil Subsidies Tripled in 2020, Report Shows – The Energy Mix: The annual inventory of fossil fuel subsidies published by the
International Institute for Sustainable Development (IISD) shows Canada
spent at least C$1.9 billion in direct aid to the traditional energy
sector last year, up from $600 million in 2019, The Canadian Press reports. More than three-quarters of that—$1.5 billion—was to help companies restore abandoned oil wells in Alberta, Saskatchewan, and British Columbia. The report also highlights that almost all the direct aid was paid
out in two programs to protect jobs and cut greenhouse gas emissions, CP
says. Note: Protecting jobs is nice, of course. Many jobs were protected by cleaning up abandoned oil wells. Basically, the companies made their millions, weren’t required to save the millions required for clean up and remediation, so the rest of Canada is ‘on the hook’ to clean up their mess while they lounge in their profits. Pretty good deal for them….Read More