Last year the BC NDP gave $1.3 billion of taxpayer money to oil and gas companies.
A new report by our friends at Stand.earth has revealed that subsidies to fossil fuel companies have increased to a whopping $1.3 billion a year under BC NDP leadership.
That's double what we spend on Climate Action and 5x more than we earn in royalties.
Ongoing subsidies and tax breaks for fossil fuel companies means there is less funding available to support critical social services like healthcare and education. Fossil fuel subsidies are expensive, incentivize pollution, and undermine climate action.
TAKE ACTION! Tell Premier Horgan to stop funding fracking.
Fossil fuel subsidies are estimated to surpass $1.75 billion in 2023-24. Chart by Stand.earth.
How does this relate to Woodfibre LNG?
The single largest source of these subsidies is through the Deep Well Royalty Program—a tax loophole for fracking operators which could cost taxpayers $421M this year.
The owner of Woodfibre LNG, Sukanto Tanoto, has recently bought a fracking company, Pacific Canbriam Energy, which will supply gas for Woodfibre LNG (if it ever goes ahead).
If we can eliminate subsidies for fracking and LNG, Woodfibre LNG will never be economically viable.
It takes a minute to tell the Premier to stop funding fracking.
Even better—call the Premier's office and leave a message: +1 (250) 387-1715
We cannot afford to give billions of taxpayer dollars to fossil fuel companies that are destroying our climate.
How do you think we should invest 1.3 billion dollars of taxpayer money?
Thanks for taking action.
Executive Director, My Sea to Sky
My Sea to Sky is incredibly proud and grateful to say that we rely on the My Sea to Sky community for small donations that provide the majority of our funding. Since our launch in 2014, we have been funded through personal savings, family and friends; and powered by the passion of our volunteers. Your generous contribution will help us to run our critical campaigns to defend, protect, and restore Howe Sound. Can you chip in?