Canada gives $3.3bn subsidies to fossil fuel producers despite climate pledge - News Summed Up

Canada gives $3.3bn subsidies to fossil fuel producers despite climate pledge


Canada’s attempt to act on climate change is being undermined by $3.3bn in government subsidies flowing to oil and gas producers in the country a year, a new report has warned. This would conflict, they say, with the planned carbon price, which will ramp up to $50 a tonne by 2022. Trudeau has emerged as a vocal proponent of action on climate change and found significant common ground on the issue with Barack Obama. He has said that Canada’s efforts to stave off the worst effects of climate change “will not cease”. The opposition Conservatives, meanwhile, have called a national carbon price plan “complete insanity” and a “sledgehammer” to the Canadian economy.


Source: The Guardian November 15, 2016 19:06 UTC



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