Auditor general questions plan to phase out fossil fuel subsidies

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Canada has claimed a leadership role in the fight against climate change on the world stage, but the federal spending watchdog is poking holes in the government’s own plan to phase out fossil fuel subsidies at home.

In a series of spring audits released today that gauged the government’s efforts to reduce the risks of fraud and corruption and measured mental health supports for Mounties, Auditor General Michael Ferguson said while Canada has recognized that inefficient subsidies for fossil fuels undercut efforts to reduce greenhouse gases, the government has not yet implemented its plan to end subsidies by 2025 to meet its 2009 G20 commitment.

Finance Canada and Environment and Climate Change Canada have not defined what that commitment means in the Canadian context, or demonstrated whether tax reforms are actually working, the audit concludes.

Read more at CBC News

This article is summarized by Canadian Fraud News Inc.