Public Funding for Fossil Fuels: From Part of the Problem to Part of the Solution

On June 8th the Group of 78 will discuss the nature and extent of funding from governments in Canada (federal and provincial) for fossil fuel production. Funding comes in different guises—including direct financing, loan insurance, subsidies and tax breaks. The group's contention is that these various sources of financing should be identified and phased out as quickly as possible and reallocated to green technology and renewable energy. 

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