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Canada will soon end 'inefficient' fossil fuel subsidies.
But what does that mean?
Benjamin Shingler · CBC News ·
Posted: Jun 26, 2023 1:00 AM PDT |
inefficient subsidies to oil and gas companies by the end of 2023. (Jason Franson/The Canadian Press)
Canada has for years forked over billions of dollars in subsidies to oil and gas companies — an approach that critics say flies in the face of the country's climate goals, and impinges on efforts to turn toward renewable energy sources.
Now, the federal government is preparing to release a new policy that will put an end to "inefficient fossil fuel subsidies," a commitment Canada made more than a decade ago.
A spokesperson for Environment Minister Steven Guilbeault said the new policy will be released in July.
But the strength of that commitment, environmental groups say, will hinge on how exactly the terms "inefficient" and "subsidy" are defined.
Julia Levin, associate director of national climate for the advocacy group Environmental Defence, said Canada has an opportunity to become a global leader in reducing fossil fuel subsidies if it's done right.
"If it's a strong assessment framework, it sets a great precedent. It kind of cements a bit of climate leadership for Canada," she said in an interview.
"If it's weak, it sets an incredibly dangerous precedent."
I would suggest that if it is weak that it sets no precedent at all, that has already been set.
What it will do is raise the price of gas and oil again after it has doubled in the past few years. That will result in higher costs for shipping anything that moves, higher inflation, higher interest rates, and a dreadful drop in the economy. And, it will make no detectable difference in the climate of Canada or the world.
No improvement we can make in Canada will actually affect the Canadian climate. We cannot reduce the number of wildfires in Canada by lowering our temperature. It's absurd to link the two. Only the major polluters - USA, China, India, etc., can make a detectable difference in Canada's temperature.
Trudeau is destroying the country to make himself look good.
There is more to this story at CBCNews - Where is Canada at with fossil fuel subsidies?
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The oil and gas sector contributes significantly to Canada's economy, providing employment opportunities and generating government revenue. It also supports related industries such as engineering, manufacturing, and services.
ReplyDeleteAs Canada navigates the complexities of climate change, environmental sustainability, and the energy transition, the oil and gas industry continues to be an important aspect of the country's energy landscape. Balancing economic benefits, environmental responsibility, and the interests of various stakeholders is crucial for shaping the future of Canada's oil and gas industry.
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