Here’s where Canada is an especially poor performer. Canada provides the highest amount of support for oil and gas production out of all G20 OECD countries, the vast majority through public finance. Export Development Canada (EDC) alone provides an average of $13.3 billion per year in public finance for fossil fuels. Public finance for fossil fuels is also provided through other federal and provincial agencies, such as the Business Development Bank of Canada.
When public finance and other measures are factored in, total federal fossil fuel support in Canada was around $18 billion in 2020.