Fossil Fuel Subsidies

An analysis of federal financial support to Canada's oil sector

July 10, 2014
Publication
various old Pembina Institute logos
Sarah Dobson
Former Economist
various old Pembina Institute logos
Amin Asadollahi
Former Former Program Director, Oilsands
Report
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The oil industry provides economic benefits in the short and medium term, but more permanent external benefits are less certain and are countered by the sector’s environmental impacts. This paper provides an analysis of federal financial support for the oil sector as well as recommendations on policy options. It recognizes progress made by Canada in phasing out certain subsidies, while noting that remaining federal direct and indirect support measures are largely inefficient and unnecessary.

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various old Pembina Institute logos
Sarah Dobson
Former Economist
various old Pembina Institute logos
Amin Asadollahi
Former Former Program Director, Oilsands

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