Canada, Saudi Arabia 'Worst Performers' In Report On Fossil Fuel Support
G20 countries including Canada have promised to stop giving public money to the fossil fuel industry. Canada, however, was one of seven nations the organizations studied that actually increased the amount of public finance committed to the industry, on average, between 2014 and 2018.
When it came to the scale of government support aimed specifically at oil and gas exploration, production, refining and transportation on average from 2017 to 2019, Canada and Saudi Arabia stood out as the most prolific amongst their economic peers.
‘Least amount of progress’
Canada provided the highest level of support in this category amongst other Organization for Economic Co-operation and Development (OECD) countries at around US$12 billion, beating out countries like Mexico, South Korea and Japan. Saudi Arabia proved the highest amongst non-OECD countries at around US$32 billion, the report found. [Read more]