Financing a Fair Energy Transition through Fossil Fuel Subsidy Reform orfonline.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from orfonline.org Daily Mail and Mail on Sunday newspapers.
Canadian companies are spending public funding to clean up their oil and gas wells at a time when the industry is raking in historic profits, yet many wells remain abandoned or unplugged. As the number of these wells rises, so do the environmental costs and the likelihood that taxpayers will be on the hook for them.
Oil and gas companies have posted staggering profits over the past two weeks, renewing environmental advocates' calls for governments to rethink fossil fuel subsidies and incentives.