(OTTAWA) – In reaction to the release of the federal budget by Minister of Finance Chrystia Freeland, Keith Stewart, Senior Energy Strategist at Greenpeace Canada, said:
“This budget is the first to fully recognize that the only route to a prosperous and secure future lies in aggressive action to combat the climate crisis, though there is still work to be done before the fine print on the investments fully match the fine words on paper. Greenpeace Canada welcomes the unprecedented federal investments in greening the grid, which will be critical as we phase out fossil fuels by replacing them with electricity from renewable energy sources.
We are concerned to see new subsidies for oil and gas companies making record profits. No money in the world could convince oil companies to become good actors on climate change, so it would be far more effective to simply regulate their emissions and invest scarce public funds into accelerating investments in efficiency and electrification.”
ENDS
For more information:
Keith Stewart, senior energy strategist, Greenpeace Canada, 416-659-0294.
Greenpeace Canada is a member of the Green Budget Coalition and supports 2% for Our Future, a new campaign to urge Prime Minister Justin Trudeau and Finance Minister Chrystia Freeland to scale up climate investments in order to build a thriving and stable future for people in Canada.
Canada’s banks must be held accountable for their role in violating Indigenous rights and their contribution to climate change.
