We’ve heard that Canada’s fossil fuel industry gets billions in subsidies, and that it’s making it harder for us to reach our climate goals.
But how much funding are taxpayers actually giving the fossil fuel industry in different parts of the country? What’s it used for? And what impact does it actually have? Here’s a closer look.
First of all, what’s a subsidy, anyway?
There’s no agreed-upon definition, even within Canada.Â
Canada’s auditor general says that at its most basic level, a subsidy provides an advantage and can include tax measures such as deductions or credits, grants or direct funding (which
