Fonds publics pour le secteur pétrolier et gazier

The document argues that Canada remains a significant provider of fossil fuel subsidies among G7 nations, despite some reforms. It details various federal mechanisms of support, including tax deductions for exploration and development, and direct funding for innovation and carbon capture. The report highlights that the apparent decrease in subsidies between 2013 and 2016 was largely due to low oil prices and accounting practices that allow companies to defer tax deductions, rather than a complete elimination of support. It further argues that these subsidies are incompatible with Canada's climate goals and the need for a just transition for workers.

• Canada is the largest provider of oil and gas production subsidies per unit of GDP among G7 members.
• Federal support for the oil and gas sector includes direct transfers through Natural Resources Canada (NRCan) and Sustainable Development Technology Canada (SDTC), as well as various tax provisions administered by the Department of Finance Canada.
• The apparent drop in subsidies between 2013-2014 and 2015-2016 is attributed to oil price volatility and the ability of companies to pool and defer tax deductions for future years.
• The federal government's acquisition of the Trans Mountain pipeline from Kinder Morgan for 4.5 billion CAD carries a high risk of becoming a significant long-term fossil fuel subsidy due to potential indemnifications and the conditions of its eventual resale.
• Many Canadian oil and gas projects are only viable when oil prices are high; the break-even cost for current production is estimated at 40 USD per barrel, and 58 USD for projects in development.
• The report argues that combining carbon pricing with fossil fuel subsidies is contradictory, as the former aims to reduce demand while the latter encourages production.
• There is a significant risk of stranded assets in the Canadian oil and gas sector, estimated at nearly 110 billion USD, necessitating a just transition for affected workers and communities.

APA

Touchette, Y., & Gass, P. (2018). Fonds publics pour le secteur pétrolier et gazier. International Institute for Sustainable Development. https://www.iisd.org/system/files/publications/public-cash-oil-gas-fr.pdf

Chicago

Touchette, Yanick, and Philip Gass. Fonds publics pour le secteur pétrolier et gazier. International Institute for Sustainable Development, 2018. https://www.iisd.org/system/files/publications/public-cash-oil-gas-fr.pdf.

Wikipedia

{{cite report |last1=Touchette |first1=Yanick |last2=Gass |first2=Philip |title=Fonds publics pour le secteur pétrolier et gazier |publisher=International Institute for Sustainable Development |date=September 2018 |url=https://www.iisd.org/system/files/publications/public-cash-oil-gas-fr.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{touchette2018fonds, author = {Touchette, Yanick and Gass, Philip}, title = {{Fonds publics pour le secteur pétrolier et gazier}}, institution = {International Institute for Sustainable Development}, year = {2018}, month = sep, url = {https://www.iisd.org/system/files/publications/public-cash-oil-gas-fr.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }