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COP26: Canada, U.S. say fossil fuel subsidies should end

Click to play video: 'COP26 summit: Negotiators still hammering out deal as deadline passes'
COP26 summit: Negotiators still hammering out deal as deadline passes
WATCH ABOVE: The deadline for a global climate accord has come and gone at the COP26 summit, and still, nearly 200 countries haven't made a deal. Crystal Goomansingh explains the sticking points – Nov 12, 2021

Canada’s environment minister says he thinks fossil fuel subsidies should be eliminated as United Nations negotiators wrestle over a final text in the closing hours of the Glasgow climate talks.

Environment Minister Steven Guilbeault says the subsidies should be phased out with a timeline.


Click to play video: 'COP26 summit: Draft deal lacks details as countries urged to strengthen targets'
COP26 summit: Draft deal lacks details as countries urged to strengthen targets

Guilbeault’s remarks came at his closing press conference at the climate talks, known as COP26, where a draft text addressing fossil fuels is sparking sharp criticism.

The draft calls for phasing out “unabated” coal power and “inefficient” fossil fuel subsidies.

Those were branded as “weasel words” by Catherine Abreu, a member of Canada’s net-zero advisory body and the executive director of Destination Zero.

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Guilbeault says it is premature to judge what will be in the final text as he touted the backing of his American counterpart, John Kerry, who denounced the continued subsidies as the “definition of insanity.”

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