Read the full story at ESG Today.
The Government of Canada announced on Monday a series of initiatives aimed at reducing government support for the fossil fuel sector, including the release of a new framework and guidelines, effective immediately, to eliminate “inefficient” fossil fuel subsidies.
According to a government statement announcing the launch of the new framework, the initiative forms part of Canada’s commitment under the Glasgow Statement, a 34-nation agreement signed at the 2021 COP 26 summit, to shift public finance away from fossil fuels and in support of the energy transition.
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