Menu

Impact to Business and Industry Remains Unclear with Canada’s 2030 Emissions Reduction Plan

Prime Minister Justin Trudeau and Minister of Environment Steven Guilbeault unveiled the Federal Government’s 2030 Emissions Reduction Plan 2030 Emissions Reduction Plan – Canada’s Next Steps for Clean Air and a Strong Economy.
This Plan includes $9.1 billion in new investments and intends to implement economic measures such as carbon pricing and clean fuels, while also targeting actions sector by sector ranging from buildings to vehicles to industry and agriculture.

“The government indicated they heard from 30,000 Canadians in the consultation process, however, the impact these programs will have on taxes and debt remain to be seen or understood,” said Anita Huberman, President & CEO, Surrey Board of Trade. “We need to also understand what the results of the previous plans have been. We have had emissions targets since the 1980’s and Canada has always fallen short.”

The plan also indicated a sales mandate for 20% of new light-duty vehicle sales to be of zero-emission vehicles (ZEV) by 2026, increasing to 60% by 2030 and 100% by 2035. The electric grid and generation of energy is reaching capacity. We need to ensure our infrastructure can sustain such high demand.

“We have questions about training needs for this new economic plan, the future of the LNG industry, as well as the salmon farming industry that need to be a part of this clean air economic plan.”

READ THE PLAN https://www.canada.ca/en/environment-climate-change/news/2022/03/2030-emissions-reduction-plan–canadas-next-steps-for-clean-air-and-a-strong-economy.html

-30-

Anita Huberman, 604-634-0342, anita@businessinsurrey.com