Penticton Western News letter to the editor

Letter: Time to end fossil fuel subsidies

“The clean economy is bringing in revenue for the government.”

Recently a letter to the editor stated that loss of government revenue from oil and gas resulting from the transition to electric vehicles would become “critical” once the percentage of EV’s on the road reached 25 per cent.

Natural Resources Canada states that government revenues from energy was $14 billion in 2017.

The clean economy is bringing in revenue for the government as well. That will continue to grow.

Oil and gas revenues come with expenses. Annual Canadian subsidies to oil and gas are $4.7 billion, according to a 2018 global sustainability think-tank report (’s G7 Fossil Fuel Subsidy Scorecard).

The federal government web-page Air Pollution: Human Health Costs report says that a 10 per cent reduction in air pollution would save $4 billion per year.

What percentage will air pollution drop by transitioning our transportation system to be fully electric? Would a 20 per cent drop save us $8 billion per year?

Then there’s the elephant in the room; the climate crisis. How much is this costing us already?

CO2 takes decades to dissipate from the atmosphere. And we’re still adding to it.

To flip that dreary perspective, we can look at it in a positive way. We can solve this.

The savings from avoiding the worst effects of the climate crisis will be substantial.

First thing: Let’s ensure a just transition for oil and gas workers and end the fossil fuel subsidies.

Paul Russo


Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Third South Okanagan show added for PAW Patrol Live!

A third show was announced for the PAW Patrol Live! The Great Pirate Adventure show at the SOEC

Proposal for public outdoor rink in downtown Penticton gaining traction

Outdoor rink, funded by the Penticton Vees, would always remain free to use for the public.

Four Canadian mega-bands ready to rock Penticton this summer

Big Wreck, Headstones, Moist, and The Tea Party coming to Penticton in June

Chilliwack on the map for Salmon Arm Roots and Blues

Canadian music legends confirmed for 28th annual music festival

Future of Penticton francophone school secured following funding announcement

$11.5M in funding means École Entre-lacs now independently owned and operated

VIDEO: Bobcat infiltrates Shuswap couple’s coop, feasts on fowl

Police officers credited for attempting to assist with animal’s extraction

Morning Start: 3D printed steak? No way…

Your morning start for Tuesday, January 21, 2020.

Alberta man dies in vehicle incident on Trans Canada Highway

The collision occurred Jan. 20, closing the highway east of Revelstoke till 1:30 a.m.

Skier dies at Fernie Alpine Resort

It’s the second person to die in a tree well at a ski resort in B.C. in the past week.

VIDEO: B.C. mom shares ‘insane’ experience of viral dinosaur video

Tabitha Cooper filmed her costumed sons meeting their grandma at the Victoria International Airport

Samajam gets Okanagan kids in the groove

Children make music at Performing Arts Centre show Saturday

Human rights tribunal to hear case regarding alleged violation at Okanagan school

An Okanagan mother alleges a school did not make accommodations for her daughter’s seizure disorder.

Vancouver Island home to one of Canada’s largest private skateboard collections

Eric Pinto owns hundreds of boards, spanning multiple decades

North Okanagan woman pleas for return of stolen scooter

‘It’s been another kick in the teeth… how do you get ahead and keep your head above water?’

Most Read