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Locked In and Losing Out: British Columbia’s fossil fuel subsidies
The report identifies that British Columbia provides hundreds of millions of dollars in annual fossil fuel subsidies through tax exemptions, royalty reductions, and direct spending, which contradicts its CleanBC climate policy. It highlights a significant amount of foregone revenue, including billions in outstanding royalty credits and specific long-term supports for the liquefied natural gas (LNG) sector, and recommends a transparent self-review and phase-out plan.
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Document type: Report
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