Mr. Chair, yes, unlike some other countries, Canada does not have a general policy of subsidizing the price of fossil fuels, which can encourage over-consumption. The government has announced that it is phasing out the accelerated capital cost allowance for assets in the oil sands projects. Draft income tax regulations to implement the phase-out were released on May 3. This initiative builds on actions that Canada has taken in the past to rationalize tax preferences for fossil fuel producers. Discussions among the G20 countries on this issue are ongoing as a part of the G20 process and countries are at different stages of eliminating inefficient subsidies.
In the House of Commons on May 31st, 2010. See this statement in context.