At a news conference Thursday, Guilbeault said the funding will help homeowners who currently use home heating oil move to more affordable and greener sources of home heating, such as electric heat pumps.
Read more: Energy prices soar in Britain. Can Canadians expect to pay more too?
read more
Energy prices are soaring in Britain. Can Canadians expect to pay more too?
“We can help Canadians save thousands of dollars on annual energy bills, all while fighting climate change,” he said. “We made a commitment to Atlantic Canada that we would come to the table with more help for residential energy costs and today we are delivering on that promise,” the minister added. Story continues below ad Of the $250 million investment, up to $120 million will go to Atlantic Canada. This money will be provided over four years through the Low Carbon Economy Fund (LCEF), according to the government. About 30 percent of homes in Atlantic Canada currently use oil for heating, according to a press release issued by the government. “Provincial allocations will be finalized pending final confirmation with each jurisdiction,” the statement added. 1:47 Trudeau says Russia’s war in Ukraine ‘accelerated’ clean energy transition Trudeau says Russia’s war in Ukraine ‘accelerated’ clean energy transition – August 23, 2022 Kings-Hants MP and Chair of the Atlantic Liberal Caucus, Kody Blois, who also attended the conference said, “Atlantic Canadians are particularly vulnerable to global increases in fuel costs, caused by the war in Ukraine and a global turmoil in energy markets’. Trending Stories
GoFundMe for teen forced to pay $150,000 to family of accused rapist doubles proceeds Shooting suspect arrives at coffee shop 2 hours before killing Toronto police officer
“Half of our households in the Atlantic region still use oil for home heating and the cost of switching to a new, energy-efficient electric heat pump can be really daunting, he added. Story continues below ad Early estimates show clean energy transitions funded by this new investment could help 10,000 to 25,000 homes nationally, with more than 40 percent of those in Atlantic Canada, the government said, adding that about 30 percent of homes in Atlantic Canada currently use oil for heating. The feds said that by taking advantage of a range of funding programs from different levels of government, some households could cover up to 100 percent of their eligible expenses, with up to 75 percent covered through federal programs. 2:36 Will Ottawa invest in massive carbon weaning plan? Will Ottawa invest in a massive decarbonization plan? – September 3, 2022 The four Atlantic premiers wrote to Guilbeault on Sept. 1 asking for an extension to the federal deadline to submit new carbon pricing plans, but were denied. They submitted plans by a Sept. 2 deadline but called for talks with Guilbeault’s office to meet their hopes for a “practical solution” to address the costs of implementing carbon pricing at a time of inflationary pressures. Story continues below ad He says that by taking advantage of a range of funding programs from different levels of government, some households could cover up to 100 percent of their eligible expenses, while up to 75 percent is covered through federal programs. The four Atlantic premiers wrote to Guilbeault on Sept. 1 asking for an extension to the federal deadline to submit new carbon pricing plans, but were denied. They submitted plans by a Sept. 2 deadline but called for talks with Guilbeault’s office to meet their hopes for a “practical solution” to address the costs of implementing carbon pricing at a time of inflationary pressures. — with files from The Canadian Press © 2022 Global News, a division of Corus Entertainment Inc.
