#Stop Funding Fossils

Despite this significant public opposition, Canadian governments continue to hand out billions of dollars in fossil fuel subsidies, without disclosing to the public the value of the financial supports and tax provisions available to the industry. [...] Bloomberg has called fossil fuel subsidies the “world’s dumbest policy”—wasteful, expensive, environmentally destructive, and unnecessary.10 The elimination of these subsidies is critical to national and global efforts to achieve the Paris Climate Agreement.11 #StopFundingFossils: Canadians want to end public subsidies for oil and gas companies 3 CANADIAN PERSPECTIVES ON FOSSIL FUEL SUBSIDIES Foss [...] Don’t know/not sure PUBLIC SUPPORT FOR ENDING FOSSIL FUEL SUBSIDIES Support for ending fossil fuel subsidies Q. International organizations like the World Bank and the International Monetary Fund are advocating for the end of subsidies to oil and gas companies. [...] This is consistent with an April 2018 poll that showed the majority (56 per cent) of Canadians are opposed to the government using taxpayer funds to become investors in the proposed Kinder Morgan pipeline.13 The poll results indicate that Canadian governments have broad public support to end fossil fuel subsidies and invest instead in climate action and other pressing social and economic prioritie [...] Don’t know/not sure #StopFundingFossils: Canadians want to end public subsidies for oil and gas companies 10 CONCLUSION A large majority of Canadians are opposed to public money being used to support oil and gas companies and want to see these subsidies phased out.