“Yet Canadian governments continue to pour about $3.3 billion annually…into direct support for an industry whose business model entails knowingly jeopardizing the habitability of the planet.”
Further, these “direct handouts are a small part of a much bigger picture. The International Monetary Fund adopts a broader definition of 'subsidy' to include the untaxed externalized costs of energy use, including air pollution, traffic congestion and climate disruption. (One could add the cleanup costs of abandoned gas and oil wells, which the Alberta energy regulator has estimated at $47 to 70 billion.)"
“In 2015, the IMF estimated global subsidies to fossil fuels at a stunning $4.7 trillion annually (6.5 per cent of global GDP), including $58 billion from Canada, making coal, oil and gas companies arguably the world's biggest corporate-welfare recipients."