No subsidies for enhanced oil production
This week, Amnesty International Canada and 46 other environmental, health and human rights organizations sent a letter opposing the creation of a new federal tax policy designed to subsidize increased oil production in the upcoming budget.
The Canadian government must make important decisions on the route to decarbonization. The path we take is a societal choice, with significant implications for intergenerational equity, social and economic justice, land use rights, access to energy, sustainable development, and our ultimate effectiveness in decarbonizing our economy.
By lowering the cost of production for the oil industry, the tax credit increases oil company profits and promotes the expansion of fossil fuel production. Canada is already falling short on its commitment to eliminate inefficient fossil fuel subsidies. This policy would add yet another taxpayer subsidy for the oil and gas industry.
Read the full letter.