Canada's Fossil Fuel Bailouts: A Climate Disaster Waiting to Happen

Oil companies are receiving billions of dollars in government subsidies to build new pipelines, despite concerns about climate change and environmental impact.

The Canadian government, led by Prime Minister Mark Carney, is investing heavily in fossil fuel projects, including a second bitumen pipeline that will transport one million barrels per day to the Pacific coast.

The pipeline's construction costs are estimated to be between $35 billion and $44 billion, with taxpayers covering 90% of the investment. The remaining 10% is being provided by Pembina Pipeline Corporation.

This move has been criticized for its impact on the environment, particularly in terms of carbon emissions. The burning of one million barrels per day will produce around 500,000 tonnes of CO2 every day, adding to Canada's already significant greenhouse gas emissions.