OTTAWA — The federal government plans to keep exploration and development tax breaks available for fossil fuel companies, a decision the Liberals’ parliamentary partners in the NDP view as a major hole in a new vision to reduce financial supports for the lucrative industry whose products created the climate crisis.
On Monday, Environment Minister Steven Guilbeault unveiled the government’s long-anticipated method for deciding which types of fossil fuel subsidies it will ditch as promised by the end of 2023. Government officials briefing journalists about the plan said it is too early to say which subsidies will be identified and eliminated under the new criteria.
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