Canada paid record subsidies to fossil fuel companies in 2024

Canada paid record subsidies to fossil fuel companies in 2024

The Canadian government provided at least $29.6 billion in financing to fossil fuel and petrochemical companies in 2024, with most of it directed toward the over-budget Trans Mountain pipeline, according to estimates from Environmental Defence Canada. “That is more than the price of building out interprovincial electricity transmission infrastructure, which is estimated to cost $24 billion,” the Toronto-based advocacy organization writes. At lea…

Conservative Pledge to issue permits for already permitted LNG terminal points to more fossil fuel subsidies  - Stand.earth

səl̓ílwətaʔɬ (Tsleil-Waututh), xʷməθkwəy̓əm (Musqueam), and Skwxwú7mesh (Squamish) territories (VANCOUVER, B.C.) – Earlier today, at a campaign stop in Terrace, B.C., Conservative party leader, Pierre Poilivre, pledged to rapidly approve 10 projects, including Phase 2 of LNG Canada, a massive natural gas liquefaction project in nearby Kitimat B.C. [1] Today’s announcement ignores the fact that both phases of LNG Canada were approved by the feder…