The forecasted total support for all fossil fuels for consumers in Canada shows a consistent decline from 2024 to 2028. Starting at $1.01 billion USD in 2024, it is expected to decrease year-on-year, reaching approximately $0.93 billion USD by 2028. This represents a compound annual growth rate (CAGR) of approximately -2.57% over the forecast period, indicating a steady reduction in support. The support value for 2023 was higher as this trend reflects ongoing efforts to phase out fossil fuel subsidies in line with environmental policy goals.

Future trends to watch for include:

A shift towards investments in renewable energy sources as Canada's government commits to reducing carbon emissions.
Potential policy changes impacting fossil fuel industries due to environmental and regulatory pressures.
Fluctuations in global oil prices affecting subsidy levels and government budget allocations.