The federal government has released its framework to phase out fossil fuel subsidies, saying it will make Canada the first G20 country to follow through on a 2009 pledge to phase out government support for the sector. “By eliminating inefficient fossil fuel subsidies, we are encouraging smart and efficient government investment decisions that can increase…
Feds Release Framework to Phase Out Fossil Fuel Subsidies
July 24, 2023
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Assessment Framework and GuidelinesCanadaclimate changeEnvironment Ministerfossil fuelsoil and gasSteven GuilbeaultWorld
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Canada’s Carbon Emissions Costing Five Times More Than Earlier Thought: Environment Minister
Environment Minister Steven Guilbeault says that the cost of Canada’s carbon emissions could be nearly five times higher than previously thought, and that the federal government will use a “new tool” to fight climate change called the “social cost of carbon.” “The updates to the social cost of carbon simply show that every tonne of…
Ottawa Announces $250 Million in Home Heating Help, With Eye on Atlantic Canada
Federal Environment Minister Steven Guilbeault today announced up to $250 million over four years to help Canadians with home heating, with nearly half the money targeted for Atlantic Canada. Guilbeault says about $120 million of the funding will go to the four Atlantic provinces, which have raised concerns around energy costs associated with Ottawa’s carbon pricing plan. The federal government says that with…
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