Fossil Fuel Subsidies Canada - $5.4 billion per year.

**RD414** · Apr 12, 2024, 07:40

What’s your problem, that industry is the backbone of our and the other countries world. Fine tuned, networks figured out. A subsidy that benefits all.

**chuckChuck** · Apr 12, 2024, 07:44

I thought free market believers are not in favour of subsidies?

Maybe only if they are subsidies to oil and farming, then they are okay?

**cropgrower** · Apr 12, 2024, 07:50

how much tax is collected on fuel ? how much tax is collected on hairbrained projects like wind and solar ?

**Hamloc** · Apr 12, 2024, 07:52

Originally posted by chuckChuck View Post

From the OECD

[url]https://fossilfuelsubsidytracker.org/country/[/url]

Examine fossil-fuel subsidies by country in USD. Visualise trends by fuel type and filter by beneficiaries and support mechanism for more detailed insights. To know more about these categories, go to Methodology ([url]https://fossilfuelsubsidytracker.org/methodology/).?[/url]

Canada clocks in with $4 Billion USD ($5.4 CAD) in 2022. And the US hits $14 Billion!

Saudia Arabia $77 Billion, Russia $171 Billion, Iran $127 Billion

Let’s see Chuck2, Federal budget is what, roughly $490 billion CAD. Hmmm so Canada is spending just over 1% of it’s federal budget on fossil fuel subsidies!!! It is out of control!!!

**cropgrower** · Apr 12, 2024, 08:06

2.4 billion has just been allocated for AI , but oh we cant talk about that , only the terrible fossil fuels that keep everything working

**cropgrower** · Apr 12, 2024, 08:08

And anybody that can think knows whats coming with the huge investment in AI

**blackpowder** · Apr 12, 2024, 08:40

What a bag of wind.
One sided numbers.
Who is this .org?
Do the Quebec Dairy Farmers still own the NFU?

**goalieguy847** · Apr 12, 2024, 08:58

Sorry. Its valid. Look at any of the big 3 oil+ gas companies quarterly profit report and then tell me why there would be subsidies. However, there are just as many subsidies going to logging in BC.... to farmers.... to solar builds... basically, to every industry there is.

Now, do 3rd world countries subsidize their growing ( and established) industries like this?
If not, is this why they are still in the 3rd world....? ( an obtuse question...)

in my brain ive never understood why a company like amazon should setup in new york state and wind up paying nothing in taxes and get huge subsidies ( the packaging facility was denied by the county i think... circa 2020 or so)...

Or why suncor/ syncrude would ever... ever... ever get a subsidy...

but then i remember the dry year 2 pr 3 yrs ago and without crop insurance we wouldve had to dig extremely extremely deep to pay off all the bills ( we did have to dig deep... but didnt have to sell any land, aka; A farmers nightmare)
so i suppose subsidies are meant to incentivise and keep businesses rolling....

I probably shouldnt bite the hand that feeds. Thanks for the subsidies trudeau!

**shtferbrains** · Apr 12, 2024, 09:36

In the methodology links from your study ;

" Implicit subsidies occur when the retail price fails to include external costs, inclusive of the standard consumption tax. External costs include contributions to climate change through greenhouse gas emissions, local health damages (primarily pre-mature deaths) through the release of harmful local pollutants like fine particulates, and traffic congestion and accident externalities associated with the use of road fuels. Getting energy prices right involves reflecting these adverse effects on society in prices and applying general consumption taxes when fuels are consumed by household."

These are not the direct subsidies like when you get a cheque from the government for purchasing solar panels or starting a battery plant.

It's an attempt at allocating all social cost of using fossil fuels.

It would be like if Freeland added 75 cents a ltr to the price of gas to cover what they call downstream costs.

Woke Bullshit

Fossil Fuel Subsidies Canada - $5.4 billion per year.