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Buying an electric car becomes cheaper today as federal rebates kick in

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OTTAWA — Federal rebates to encourage Canadians to buy electric cars take effect today.

The rebates, announced in the last Liberal budget, will take up to $5,000 off the cost of electric vehicles, and $2,500 off plug-in hybrids, but they apply only to cars that cost less than $45,000.

Ottawa is raising that to $55,000 to increase the options a buyer can choose and still receive the rebate, but the price limit means the most popular electric car in Canada — the Tesla Model 3 — is not going to qualify.

Nine electric cars and 13 plug-in hybrids are eligible, including the second- and third-most popular electric cars, the Nissan Leaf and the Chevrolet Bolt.

Electric-car experts say there is no doubt government incentives help drive electric-car purchases, noting when the new conservative government in Ontario killed a $14,000 rebate last year, electric-car sales in that province plummeted.

Road transportation accounts for as much as one-fifth of Canada’s emissions and the incentives are part of the federal government’s strategy to meet its international targets for reducing greenhouse-gas emissions to halt climate change.

The Canadian Press

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Alberta

COMING SOON: A Healthy Environment and a Healthy Economy 2.0

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Healthy Environment & Healthy Economy
We all want the same thing: a clean and responsible energy future for our children and future generations while continuing to enjoy a high standard of living.
On December 11, 2020, the Prime Minister announced a new climate plan which he claimed will help achieve Canada’s economic and environmental goals.
The proposed plan by Environment and Climate Change Canada (ECCC) entitled “A Healthy Environment and a Healthy Economy” will have an initial investment of $15 billion of taxpayer’s money. It is built on 5 pillars of action:
 
1) Making the Places Canadians Live and Gather More Affordable by Cutting Energy Waste
2) Making Clean, Affordable Transportation and Power Available in Every Community
3) Continuing to Ensure Pollution isn’t Free and Households Get More Money Back
4) Building Canada’s Clean Industrial Advantage
5) Embracing the Power of Nature to Support Healthier Families and More Resilient Communities
 
In my paper, “A Healthy Environment and a Healthy Economy 2.0” I will objectively critique each pillar in the government’s new climate plan and provide alternative solutions to the same issues.
 
This is an alternative plan that supports workers, protects lower income earners and creates economic growth while respecting the environment and focusing on the dignity of work.
 
This plan abandons virtue-signaling projects and relies on Canadian ingenuity to build our economy and restore Canada’s role of responsible leadership in the world.
 
Keep an eye out for the full report next week!
https://www.jaredpilon.com/
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Alberta

Group of large oilsands operators commit to become net zero emitters by 2050

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CALGARY — A group of the largest producers in Canada’s oilsands have announced a joint strategy to reach net zero greenhouse gas emissions by 2050.

The companies include Canadian Natural Resources Ltd., Cenovus Energy Inc., Imperial Oil Ltd, MEG Energy Corp., and Suncor Energy Inc.

A large part of the strategy includes building a carbon sequestration facility in Cold Lake, Alta. The group says the facility would be available for other industries to use as well.

The companies also plan to pilot emerging carbon reduction technologies around oilsands operations, such as direct air capture, which uses a mechanical system to extract carbon dioxide out of the air.

The companies say the project will need significant investments and was made possible because of support programs from the federal and Alberta governments.

The group compared their plan to the Longship project in Norway, a multi-billion dollar project that includes a cross-border carbon dioxide storage and transportation facility that will be open to multiple industries and is slated to open by 2024.

This report by The Canadian Press was first published June 9, 2021.

Companies in this story: (TSX:CNQ, TSX:CVE, TSX:SU, TSX:IMO, TSX:MEG)

The Canadian Press

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june, 2021

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