Canada has for years forked over billions of dollars in subsidies to oil and gas companies — an approach that critics say flies in the face of the country’s climate goals, and impinges on efforts to turn toward renewable energy sources.
Now, the federal government is preparing to release a new policy that will put an end to “inefficient fossil fuel subsidies,” a commitment Canada made more than a decade ago.
A spokesperson for Environment Minister Steven Guilbeault said the new policy will be released in July.
Because wind and sun are so reliable and need no subsidy.
