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this post was submitted on 04 Nov 2023
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Hmm… some interesting things to perhaps review :
Source: Blocking Ambition: Fossil fuel subsidies in Alberta, British Columbia, Saskatchewan, and Newfoundland and Labrador by the International Institute for Sustainable Development
Source: Fossil Fuel Subsidies in Canada: Governance Implications in the Net-Zero Transition by the Canada Climate Law Initiative
These are simply about explicit funding by different government bodies in Canada. However, there are larger implicit annual subsidies (externalities born by government, society and the environment which tend to be completely ignored by most vested interest) of:
Source: IMF Fossil Fuel Subsidies Data: 2023 Update; annex III. Total (Explicit and Implicit) Subsidies
Compared to the portion of government funding received by CBC•Radio-Canada annual report (2022-2023, p.27) :
I dont mind cutting funding/subsidies where there is inefficiency/mismanagement. However, shouldn't we start with the most obvious mismanagement? Why does our government pay subsidies (not loans, not investments, not shares, which I completely excluded for my comparison above) for large very profitable multi-national corporation?
If we're subsidizing O&G so much, why don't we just nationalize?