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Public funding for fossil fuel industry breaks another Liberal climate promise, advocates say

Environmental advocates say the measures add billions in support for oil and gas as Ottawa expands tax breaks and financing.

Summary by CBC News
The Carney government's financial support for the oil and gas industry amounts to breaking a federal commitment to phase out fossil fuel subsidies, according to environmental advocates.

5 Articles

Australia's attempt to become both a renewable energy superpower and a major exporter of fossil fuels is jeopardizing its economic future, according to a new report by WWF-Australia. The report warns that Australia's strategy of reconciling these two energy export models is sending mixed signals to investors and trading partners, just as countries across the Indo-Pacific region are accelerating investments in clean energy systems to reduce their…

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CBC News broke the news in Ottawa, Canada on Friday, July 24, 2026.
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