Canadian Clean Energy Sector Seeks Stimulus Funding

March 25, 2020

Canada should speed up funding for wind energy, hydro power, and electric vehicles to stimulate the economy during the coronavirus pandemic as it bails out the oil and gas sector, green industry groups said.

Federal green energy procurement programs, funding for charging stations, and electrical grid expansion policies should be accelerated or expanded to ensure Canada meets its global climate change obligations, the industry representatives said.

Stimulus spending could both help companies hurt by the effects of the new coronavirus, and provide a way for Canada to keep its economy afloat, the groups said.

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Bloomberg Environment