Subventions et réduction des émissions pétrogazières

The author argues that Canada's goal to eliminate fossil fuel subsidies may conflict with its plans to cap oil and gas emissions and maintain sustainable jobs. To resolve this, the document suggests a rigorous framework to ensure public funds are not wasted on assets that may become stranded due to declining global demand. The proposed framework evaluates project alignment with net-zero scenarios, comparative economic value against clean energy alternatives, impacts on worker and community vulnerability, and the matching of policy instruments to project risk levels.

• Federal funding for carbon capture, utilization, and storage (CCUS) is increasing, with the federal CCUS tax credit expected to cost between 1 and 2 billion dollars annually by 2027.
• The Canadian oil and gas sector is highly vulnerable to a decline in global demand, as 80% of its oil and 48% of its natural gas are exported.
• Public support for emission reduction projects should be limited to companies following international best practices for net-zero targets and transition planning, and restricted to existing projects that achieve transformational emission reductions without allowing for expansion.
• Public investment in the oil and gas sector must be compared to the economic value of alternative investments in renewable energy, hydrogen, and critical minerals, given limited public funds.
• Certain public investments are justifiable if they create regional economic opportunities or provide cross-sector benefits, such as blue hydrogen projects (where over 90% of emissions are captured) or CO2 pipelines and storage infrastructure.
• To protect employment, the government should use a threshold where a community is considered highly dependent on a sector if it accounts for more than 10% of direct regional jobs, allowing for targeted temporary support.
• The government should match the risk level of the policy instrument to the risk level of the project; low-risk instruments like contracts for difference are preferred over high-risk discretionary tools like the Strategic Innovation Fund.

APA

Canadian Climate Institute (2023). Subventions et réduction des émissions pétrogazières. https://institutclimatique.ca/subventions-reduction-emissions-petrogazieres/

Chicago

Canadian Climate Institute. Subventions et réduction des émissions pétrogazières. 2023. https://institutclimatique.ca/subventions-reduction-emissions-petrogazieres/.

Wikipedia

{{cite report |author=Canadian Climate Institute |title=Subventions et réduction des émissions pétrogazières |date=12 July 2023 |url=https://institutclimatique.ca/subventions-reduction-emissions-petrogazieres/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{canadianclimateinstitute2023subventions, author = {{Canadian Climate Institute}}, title = {{Subventions et réduction des émissions pétrogazières}}, institution = {Canadian Climate Institute}, year = {2023}, month = jul, url = {https://institutclimatique.ca/subventions-reduction-emissions-petrogazieres/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }