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The federal government s recently tabled 2021 budget
( Budget 2021 ) included significant funding for clean
technology and climate change initiatives that support the energy
transition. The government is seeking alternative applications of
our existing resources as Canada drives towards its goal of
net-zero emissions by 2050, creating unique incentives and
opportunities for the energy sector right across the country.
These budgetary measures extend to all corners of our economy,
with the government leaning in with support through funding and tax
measures. The current government views Canada as being able to
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Strathcona County could benefit greatly from this week’s federal budget.
On Monday, April 19, the federal Liberals tabled a $101 billion budget, which promised a plan for national child-care, business supports, and post-pandemic recovery projects.
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“No surprise, it was stimulus budget. For the times, there has to be some stimulus,” Mayor Rod Frank said in reaction. “There are a lot of people who are hurting due to COVID. There are people on both sides of the coin whose health is at risk and others who have their livelihoods at risk, so the government had to address that. In the longer term, we’re going to have to look at the deficit and debt side, but that will be in a future budget.”
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April 21, 2021 | Budget 2021 and natural resources
Stewart Muir Stewart Muir is founder and executive director of the Resource Works Society, a Vancouver-based group open to participation by British Columbians from all walks of life who are concerned about their future economic opportunities. He is an author, journalist and historian with experience on three continents including a financial editor of The Vancouver Sun responsible for mining and markets coverage. Since Resource Works was established in 2014, the group has gained international recognition for its practical approach to the public challenges of responsible natural resource development and use.
From R&D to low emission fuels and national trade corridors, Budget 2021 means big things for natural resources, says Margareta Dovgal.
Net Zero: $17.6B pledged in Budget 2021 for transition to low-carbon economy By iPolitics. Published on Apr 20, 2021 12:23pm
The Lead
“When people look back on 2021, they’re going to say this is the year when the world pivoted to a green economy, and Canada has to be there. We have to be in the lead of that transformation,” Freeland told reporters. The Toronto Star has more.
Natural Resources Canada is set to receive $319 million over seven years for research and development of carbon capture technology, as well as $1.5 billion over five years to create a Clean Fuels Fund “to foster the production and distribution of fuels like hydrogen.” Meanwhile, Environment and Climate Change Canada would receive $67.2 million over seven years to implement the federal Clean Fuel Standard, “which is meant to reduce the carbon intensity of fuels,” the National Observer reports.