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| Updated February 25, 2021
A tar sands upgrader in Fort McMurray, Alta.
Canada tripled its federal subsidies to the oil and gas industry during the COVID-19 pandemic, a sign the country could find itself at odds with the Biden administration on fossil fuels, a climate think tank is warning.
In a new report, the International Institute for Sustainable Development (IISD) said the federal government funded oil and gas companies to the tune of $1.9 billion during the pandemic year of 2020, a more than 200-per-cent increase from the previous year.
The report argued that aid to oil and gas works against the government’s policy of carbon pricing.