If you think we’re getting a green recovery, think again – Below 2C: Governments around the world have given handouts and regulatory relief as part of their pandemic recovery programs. Yale Environment 360 reports that “oil and gas giants, mining interests, and coal-fired power plants have all received financial and regulatory relief as governments around the world enact pandemic recovery plans. These moves threaten to create a dirty, high-carbon legacy that long outlasts the current crisis.”
In Canada the post-pandemic recovery plan is anything but green. The following article, first published in The Energy Mix reveals that our pandemic response sends $16 billion to fossils but a meagre $300 million to clean energy.
“At this point in history it’s clear that investing in fossil fuels is as lethal to global economies as it is to life on Earth,” tweeted Climate Action Network-Canada Executive Director Catherine Abreu. “Yet Canada has funnelled at least US$11.86 BILLION to fossils in recent months, while directing only $222.78 million to clean energy.”
If you think we’re getting a green recovery, think again – Below 2C: Governments around the world have given handouts and regulatory relief as part of their pandemic recovery programs. Yale Environment 360 reports that “oil and gas giants, mining interests, and coal-fired power plants have all received financial and regulatory relief as governments around the world enact pandemic recovery plans. These moves threaten to create a dirty, high-carbon legacy that long outlasts the current crisis.”In Canada the post-pandemic recovery plan is anything but green. The following article, first published in The Energy Mix reveals that our pandemic response sends $16 billion to fossils but a meagre $300 million to clean energy.“At this point in history it’s clear that investing in fossil fuels is as lethal to global economies as it is to life on Earth,” tweeted Climate Action Network-Canada Executive Director Catherine Abreu. “Yet Canada has funnelled at least US$11.86 BILLION to fossils in recent months, while directing only $222.78 million to clean energy.”Read More