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Spending Money: Fuel and Tax Breaks

spending money: The report, titled The Public Cost of Pollution Ontario's fossil fuel subsidies, found that, in 2018, these subsidies existed in the form of tax breaks for fuels used by air and rail industries 320 million tax breaks for fuel used in agriculture 225 million and natural gas expansion programs 100 million . Spending money on fossil fuel encourages their use, increases pollution and hinders efforts to transition to a clean economy, the report said, according to National Observer. These forms of subsidies ultimately incentivize investment in and use of fossil fuel infrastructure, creating long-term fossil fuel lock in' for Ontario's communities. The International Institute of Sustainable Development IISD tallied up all existing tax incentives and subsidies for fossil fuels in Canada's most populous province in a report released Wednesday. The same amount of money could cover annual health-care costs for 189,000 Ontarians or job training for 70,000 people in the province, according to the report. For example, Ontario introduced the Natural Gas Grant Program in 2017, which was intended to invest roughly 100 million to connect northern rural and First Nation communities and help offset home heating costs. Fossil fuel subsidies in oil, gas and coal businesses are widely viewed as roadblocks to achieving a low-carbon economy and making more investments in clean technology and alternative sources. ; While fossil fuel subsidies are not unique to Ontario, the report notes that Ontario has specific exemptions and refunds available that encourages the consumption of fossil fuels through direct spending. ( As reported in the news.