Canada's oil and gas industry received $29.6B in subsidies in 2024, report finds

Canada's oil and gas industry received $29.6B in subsidies in 2024, report finds

The subsidies dwarf the previous years total and come as Ottawa said it would wind down direct financial support for the industry

Federal government invested nearly $30 billion in oil and gas industry in 2024, report finds – Energeticcity.ca

OTTAWA, ON — Canada’s federal government provided $29.6 billion in financial support to the oil and gas industry in 2024, according to a new analysis by Environmental Defence. The analysis, published on April 3rd, took stock of direct grants, tax breaks, loans and loan guarantees from the federal government and its Crown corporations to the oil and gas and petrochemical industries.  The 2024 tally is about $11 billion higher than 2023.  Ahead of…

Feds supported fossil fuel sector to the tune of nearly $30 billion last year - The Lamont Leader

Natasha Bulowski, Local Journalism Initiative Reporter Canada’s federal government provided $29.6 billion in financial support to the oil and gas industry in 2024, according to a new analysis by Environmental Defence. The analysis, published April 3, took stock of direct grants, tax breaks, loans and loan guarantees from the federal government and its Crown corporations to the oil and gas and petrochemical industries. The 2024 tally is about $11…