Canada leads in G7 oil and gas subsidies, says report

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The Overseas Development Institute, a U.K. think tank, published a report last month showing Canada leads the G7 in subsidies for oil and gas industries as a share of the country’s economy.

Although not all G7 countries are major oil and gas producers (Canada and the U.S. are among the top 10 in the world), the report includes support for the coal industry as well.

It noted that all seven nations are “at serious risk of not delivering on their fossil fuel phase-out commitment.”

Countries were ranked based on their scores from seven indicators: transparency, pledges, ending support for fossil fuel exploration, coal mining, oil and gas production, fossil fuel use, and fossil fuel-based power. -CINEWS

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