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Federal carbon tax funds new energy-saving projects for businesses

The financial support is available in Saskatchewan, Manitoba, Ontario and New Brunswick.


July 25, 2019
By Peter Saunders
Peter Saunders
Climate Action Incentive FundImage courtesy Government of Canada.

Catherine McKenna, federal minister of environment and climate change, has announced small and medium enterprises (SMEs) in Saskatchewan, Manitoba, Ontario and New Brunswick—where a carbon tax was recently implemented—can now apply for financial support from the Climate Action Incentive Fund for their energy-saving projects.

Tapping into a portion of fuel-charge revenue, the fund’s SME Project Stream will support up to 25% of the costs for building retrofits, fuel switching, industrial process improvements and other initiatives, from a minimum of $20,000 to a maximum of $250,000. In total, SMEs in these four provinces will be eligible for $1.45 billion over the next five years to increase the energy efficiency of their operations.

“Helping SMEs invest in energy-efficient equipment will cut their pollution and increase their productivity,” says Mary Ng, federal minister of small business and export promotion. “The environment and the economy go hand in hand.”

The application period began July 17 and will be open until the initial round of funding—including $21.3 million in Saskatchewan, $9.3 million in Manitoba, $72.4 million in Ontario and $3.7 million in New Brunswick—is exhausted, for a maximum of 90 days. Applicants should check how to prepare a proposal before submitting it for consideration.

Updates on additional rounds of funding will be provided as they become available.

 


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1 Comment » for Federal carbon tax funds new energy-saving projects for businesses
  1. Dik Coates says:

    I think carbon taxes are a sham. They give the impression that the government is trying to address the issue of climate change without really doing anything.

    As it appears with recent weather, climate change is a real serious matter, and what we have seen is just the ‘tip of the iceberg’ (while we still have them).

    The impact on society will be far greater and no one seems to be approaching an attempted solution. At this point I’m not sure one exists.

    Climate change can possibly be mitigated by implementing several plans. The use of carbon fueled vehicles will have to be largely eliminated. The use of aircraft will have to follow the same path.

    Video conferencing will have to be used in lieu of travel (at a substantial savings to taxpayers). Electric vehicles will have to replace current vehicles. There will have to be changes to our agriculture. Low lying areas will have to ‘move’ because of flooding. Due to stresses, there could be significant social unrest.

    The consequences are huge and no one seems to be doing anything, other than arguing about carbon taxes. I hope I’m wrong; Canada should be looking at investing on a high speed coast to coast electric powered rail system or some alternative means of transport. There will have to be significant changes in our way of life.

    Manufactured items will have to have some longevity; the ‘throw away’ generation is a thing of the past.

    Canada is in a particularly bad situation. We have a cold climate, great travel distances between cities, and a relatively small population. This causes our carbon footprint to be one of the largest per capita.

    Carbon footprints should be published on the basis of per capita… other than some small Middle East Countries, the United States leads the pack by a substantial margin. Unless they actively ‘get involved’ the rest of the world is ‘doomed’. At least China is attempting to address the issue, the Americans are not. Their problem is ‘bad’ right now with some cities struggling with smog issues, etc.

    To reiterate, I hope I’m wrong.

    Dik

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