Canada’s oil industry frets as pressure mounts to cut fossil-fuel tax incentives

Globe and Mail: Canada’s oil industry is facing a twin threat as environmentalists urge the Liberal government to make good on promises to slash “fossil-fuel subsidies” and impose a tougher regulatory regime on existing applications to build pipelines to the West and East coasts. A study released Thursday pegged federal “subsidies” for the industry at nearly $1.7-billion, including items such as accelerated capital-cost writeoffs recently extended to the proposed liquefied natural gas plants, and the Canadian exploration......

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