G20 environment ministers to meet amid record heat. Can Canada lead the way?
Under the framework, unless a fossil fuel company significantly reduces greenhouse gas emissions, supports Indigenous participation, offers essential energy services to remote communities, provides short-term support for an emergency or supports projects that include carbon capture, their subsidies would be deemed “inefficient” and phased out.
“Canada is showing an example to the other G20 countries. This language around fossil fuel phase-down will come up in the coming moments,” she said.She said while Canada’s plan is not without flaws, Ottawa must try to convince the rest of the G20 to adopt a similar framework. The global conversation, she said, is moving toward phasing out financing for fossil fuels.
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