Climate Activists: Canada’s Support To Oil Sector Hit US$14 Billion In 2020 ...Middle East

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Climate Activists: Canada’s Support To Oil Sector Hit US$14 Billion In 2020
source : OILPRICE ( Middle East ) () 23
Canada’s federal financial support to the oil and gas industry during the 2020 crisis reached US$14.4 billion (C$18 billion), Canadian organization Environmental Defence said in a report on Thursday, slamming the federal government for propping up fossil fuels while claiming to be a climate leader. According to estimates from Environmental Defence, the federal government provided or announced it would provide US$2.6 billion (C$3.28 billion) in direct subsidy programs and another US$10.7 billion (C$13.47 billion) in public financing “funneled…

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