Export Development Canada’s Role in Bailing Out the Oil and Gas Sector

July 22, 2020By Oil Change InternationalBriefings, Stop Funding Fossils

Canada’s export bank, Export Development Canada (EDC), already provides on average nearly fourteen billion dollars in support to oil and gas companies each year. As a result, Canada ranks second highest among G20 countries in public finance for fossil fuels. Now the federal government is using EDC to channel even more support to the oil and gas sector, which has been intensely lobbying the government for a bailout package of up to $30 billion.

Campaigners: G20 financial and political support for fossil fuels rises amidst COVID-19 crisis

July 15, 2020By Oil Change InternationalBlog Post, News, Press Releases, Stop Funding Fossils 1 Comment

Grassroots campaigners at a press briefing yesterday said political leaders are failing to ensure a just and sustainable recovery, as new data shows that the world’s 20 richest countries have committed more than USD 150 billion of public money to support fossil fuels since the start of the COVID-19 crisis.