Fossil fuels not among Scheer's targets to cut federal corporate handouts
Conservative Leader Andrew Scheer says the world doesn't just need more Canada, it needs more Canadian oil.
Scheer is suggesting fossil fuel subsidies, which the Greens and N-D-P have vowed to eliminate, would not be among the cuts he intends to make to corporate handouts and tax assistance to pay for some of his spending promises.
Scheer said earlier this week he would slash at least 1.5-billion dollars from federal handouts and tax-break programs to corporate Canada.
That would help pay for the nine-billion dollars in tax cuts, credits and program spending promised so far in the campaign.
Scheer says as long as there is international demand for oil and gas, he believes Canada should be the one supplying it.
He says the projections for consumption of oil and gas well into the future are only expected to rise and it's much better for the world, much better for our environment and for Canada to be supplying that energy.
The former Conservative and Liberal governments have promised to eliminate inefficient subsidies by 2025 as part of pledges through the G-20 and G-7 economic groups of nations, annually since 2009.
But it wasn't until June 2018 that Canada made any progress on the file, signing an agreement with Argentina to conduct a peer review of each others energy subsidies to identify what can and should be cut.
A draft consultation report suggested Canada couldn't itself identify any inefficient subsidies from Ottawa for fossil fuels.