will apply to all federal departments, Crown corporations and public agencies, but will target Export Development Canada in particular. The agency within the Ministry for International Trade currently has $2.5 billion in committed financing for international fossil fuel projects — business that will not be renewed, Natural Resources Canada said in a release Thursday.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.
Some unabated natural gas power generation projects could also be exempt, the government said, provided they meet strict criteria including that there is no viable renewable alternative to the project.Article content In this year’s federal budget, Ottawa announced the elimination of certain tax deductions for resource expenses related to oil, gas and coal activities in 2023 and plans to reduce nine other subsidies that are in the process of being phased out.
Ottawa previously committed to ending all public financing of domestic fossil fuel projects and signalled that more details are on the way early next year. “The guidelines issued today are distinct from and do not pre-determine the Government of Canada’s future domestic framework on fossil fuel subsidies,” the department said. “The government recognizes that work must also be done to eliminate inefficient fossil fuel subsidies domestically and commits to eliminating additional significant fossil fuel subsidies early in 2023.”Article content
financialpost They should forego any oil and gas taxes also then.
financialpost Why we even ever funded oil & gas projects abroad escapes me. Might make more sense funding an energy east pipeline as well as refinery capacity in Canada instead.
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Ottawa moves to end subsidies for new oil and gas projects overseasOttawa is moving to end public funding of new oil and gas projects overseas as it seeks to meet its COP26 commitments. Find out more. How about TMX Freeland said its public funding would end ages ago - she lied. Big mistake. Let's fund harmful ev battery extractions No Brainer!
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Ottawa moves to end subsidies for new oil and gas projects overseasOttawa is moving to end public funding of new oil and gas projects overseas as it seeks to meet its COP26 commitments. Find out more. financialpost They say that every year financialpost Although I dont imagine that will apply if SNC Lavalin is involved. financialpost Excellent. Let the Saudis have it all. We are rich & don’t need the revenue. We will educate those 7.99 billion people at all cost to us.
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Ottawa moves to end subsidies for new oil and gas projects overseasOttawa is moving to end public funding of new oil and gas projects overseas as it seeks to meet its COP26 commitments. Find out more. end funding = end investing = end returns = start poverty. Idiots 🤦🏻♂️ Next stop, stop sending hundreds of millions of taxpayer money to support a foreign war and investigate fraudulent covid handouts.
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Ottawa moves to end subsidies for new oil and gas projects overseasOttawa is moving to end public funding of new oil and gas projects overseas as it seeks to meet its COP26 commitments. Find out more.
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The North needs less OttawaCanada claims to be embarking on a project of reconciliation and our politicians seldom miss an opportunity to speak positively about the importance of nation-to-nation relationships with Inuit, Métis, and First Nations—but those of us who live in the territories should be forgiven for taking these pronouncements with a degree of skepticism. As premier of the Northwest Territories in the late 1980s, for instance, I repeatedly advocated for measures to bring the standard of living for northern Canadians in line with the standard of living in the South. As the Senator representing Nunavut since 2009, I continue to advocate for this. It can be disheartening to see just how little things have changed over the past decades, despite the best intentions of successive governments. But today’s conversations about reconciliation and nation-to-nation relationships afford an opportunity to inch closer to meaningful progress. The solution lies in the terms themselves: we must ask ourselves what we mean when we talk about reconciliation and nation-to-nation relationships. Too often, these concepts are taken to mean bringing Indigenous people to the table so Ottawa can hear their concerns before deciding what to do. Listening is certainly an important part—but Indigenous and northern voices cannot simply be things to be factored in to government deliberations. A true nation-to-nation relationship would require the federal government to acknowledge the autonomy of northern peoples. We must have power to make decisions that affect us. The status quo amounts to costly subservience—the federal government controls the purse strings and sets the rules. Sometimes this means onerous reporting requirements. Sometimes money is only available for a short time, with unspent funds clawed back. The territories have been playing Ottawa’s game for decades, and housing, transportation, broadband, and clean energy are still a long way from the standards southern Canadians expect. What the North nee
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Indigenous leaders demand Prairie provinces withdraw Ottawa-busting billsIndigenous leaders are demanding Alberta and Saskatchewan withdraw their Ottawa-fighting bills over concerns they may impact treaty rights. One says he doesn't trust the Alberta government. No.
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