Where They Stand: The Parties on Fossil Fuel Subsidies

Canada spends $18 billion supporting its oil and gas industry. That should be an election wedge issue, says analysts.

If federal parties are serious about taking on climate change, they need to stop giving money to the oil and gas industry, according to two climate experts.

This year two global authorities, the International Energy Agency and the Intergovernmental Panel on Climate Change, released landmark reports saying the world needs to stop all new fossil fuel developments by the end of this year, and immediately start phasing out the use of all oil, gas and coal.