The federal government provided at least $18.5 billion to the fossil fuel and petrochemical industries last year, according to a new report by Environmental Defence.
The largest single subsidy was to Trans Mountain, which benefited from $8 billion in loan guarantees to try to get its nearly completed $35-billion pipeline expansion project to the finish line.
A majority of Canadians want Prime Minister Justin Trudeau’s government to implement a windfall tax on oil and gas companies’ profits, according to a new poll.
The findings from Leger come approximately one month before the federal government unveils its next budget. Before the budget is unveiled, environmental advocacy groups are urging Finance Minister Chrystia Freeland to respond to public support by taxing the record profits of the fossil fuel sector.
Despite commitments to align their portfolios with net-zero emissions, Canada’s largest banks are increasingly financing fossil fuel companies and pushing their decarbonization goals out of reach.
Big Agriculture And Far-Right Parties Set Farmers Against The Environment.
But producers on the ground in Brussels told a different story.
Across France, Italy and Belgium last week thousands of farmers descended on capital cities to express their deep discontent with the European food system.
In the U.S., the Biden administration approved nearly 10,000 oil and gas drilling permits on public lands in its first three years, while Donald Trump is moronically pledging to “drill baby, drill”
Last week, I documented the massive impact of the fossil-fuel industry on people and the planet, an impact the industry generally ignores or downplays in its rush to make money and maintain its power, earning it the title of “the new tobacco.”
