Subsidies undermine our economy, add to the tax burden, and hinder innovation
Given our renewed national interest in pipelines and oil sands mines, consider some strange bedfellows: economists who agree with environmentalists that subsidizing the fossil fuel industry is a bad idea.
Eliminating fossil fuel subsidies would obviously help Canada achieve its emissions-reduction targets. What’s less obvious is how these subsidies undermine our economy, add to the tax burden, and hinder innovation.
Article URL: https://www.cbc.ca/news/opinion/opinion-oil-industry-subsidies-1.5476030