OTTAWA—The federal government is banking on a suite of new subsidies to uncork billions of dollars in private sector spending so Canada doesn’t lose out to the United States in the race to cash in on the global drive to reduce greenhouse gas emissions.
“Abated” natural gas-fired electricity – which includes some technology to offset the greenhouse gas emissions it creates – will also be eligible, the budget says. And provincial utilities can apply just as well as private companies. Environmentalists and opposition parties, including the New Democrats who are propping up the Liberal minority government, criticized this credit as a questionable subsidy to fossil fuel companies when it was introduced in last year’s budget, at an expected cost of $2.6 billion over five years.
Leading scientists studying climate change with the United Nations have warned time is running out to aggressively reduce global emissions to avoid the worst extremes of climate change in the coming decades.
Source: Financial Digest (financialdigest.net)
This race is a F scam
Why is the government manipulating our weather, and poisoning our skies in doing so?
ouch
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