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Public Cash for Oil and Gas
The report identifies that Canada remains a significant provider of oil and gas subsidies within the G7. It details various federal tax deductions and direct funding programs for the industry, noting that while some subsidies appeared to decrease between 2015 and 2016, this was largely due to low oil prices and accounting practices rather than complete elimination. The authors argue that these fiscal supports create a risk of stranded assets and undermine the transition to renewable energy.
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Document type: Report
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