Americas > Canada eliminating most fossil fuel subsidies next year, becomes first in G20 to publish approach

Canada eliminating most fossil fuel subsidies next year, becomes first in G20 to publish approach

Published 23:10 on July 24, 2023  /  Last updated at 23:10 on July 24, 2023  / William Koblensky Varela /  Americas, Canada, International

The Canadian government announced Monday it will cease providing subsidies to fossil fuel operations and phase out public financing to the sector by 2024 with exceptions for carbon capture projects, drawing a mixed reaction from green groups.
The Canadian government announced Monday it will cease providing subsidies to fossil fuel operations and phase out public financing to the sector by 2024 with exceptions for carbon capture projects, drawing a mixed reaction from green groups.


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