Doubling Down With Taxpayer Dollars
Fossil Fuel Subsidies from the Alberta Government
In the last three fiscal years, the government of Alberta has provided $4.8 billion in subsidies to the oil, gas and coal industries through a series of tax incentives, royalty holidays, research grants and direct subsidies. Although Alberta’s Climate Leadership Plan (CLP) includes phasing out coal electricity, increasing renewable electricity, funding energy efficiency and placing a cap on oil sands emissions, these subsidies work directly against the goals of the CLP by enticing fossil fuel companies to expand their operations.
For Canada to fulfil its commitment to phase out inefficient fossil fuel subsidies by 2025, all provinces must also end public support for oil, gas and coal companies. As the largest provincial greenhouse gas emitter in Canada, Alberta should release a public accounting of provincial fossil fuel subsidies as soon as possible and develop a roadmap for the phase-out of these subsidies in the 2019 provincial budget.