Times are changing waffler. Please keep up to speed.
Canada is also committed to phasing out public financing of the fossil fuel sector. This refers to financing beyond the scope of today’s fossil fuel subsidies commitment. The Government’s work will identify current public financing by 2024 and announce by fall 2024 the implementation plan to phase out public financing of the fossil fuel sector.
Canada is the only G20 country to phase out inefficient fossil fuel subsidies ahead of the 2025 deadline.
