Canada is still backing the fossil fuel industry with billions, report finds
Canada is still backing the fossil fuel industry with billions, report finds
Ottawa offered up at least $18.6 billion in support of the fossil fuel and petrochemical industries in 2023.
$8 billion in loan guarantees for the Trans Mountain pipeline. $7.4 billion in public financing through the Crown corporation Export Development Canada. $1.3 billion for carbon capture and storage projects.
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Well... Yeah. Between that and the housing market, what else is running Canada's economy? Telecom and grocery monopolies? Our economy is not great...
Thats why the money should be used to invest and diversify not help oil baron hoard even more wealth.
Do you think, just maybe, our politicians have some skin in this game and that they might stand to gain something from throwing billions into oil and gas?