Canadian government announces investment in Alberta Green Energy

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The Government of Canada announced on January 17 a series of economic investments in Alberta to support the transition to a “greener” economy, totaling more than $5.6 million.

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The investment is being made through Prairie Economic Development Canada to help transition from coal-fired power plants to sustainable energy sources; the announcement also contains financial support to help ensure a smooth transition for workers and communities who have depended on the coal mining industry for generations. It’s all part of the 2018 federal amendment to the regulations, aimed at moving from coal-fired power plants to green energy alternatives by 2030.

On January 17, the Honorable Daniel Vandal, Minister of Northern Affairs, Minister responsible for Prairie Economic Development Canada and Minister responsible for the Canadian Northern Economic Development Agency, made the announcement, pledging to invest $5 $.6 million in eight different projects.

Commenting on these investment announcements, Minister Vandal said, “The Government of Canada’s priority is to support workers, families and communities as Canada transitions to a cleaner energy economy. Today’s investments will enable Alberta’s coal-affected communities to leverage their regional strengths and highly skilled workforce, take advantage of new business opportunities and create cost savings. more resilient localities. Together, we are moving towards a clean energy future for all Canadians.

Some of these projects include over $2 million in renewed funding in economic development research to undertake policy analysis and economic diversification studies. A sum of $200,000 was also included for the Community Futures Network of Alberta (CFNA), a non-profit community business lending and development organization comprised of twenty-seven rural offices in Alberta.

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The money will help transition workers into new industries as coal mining slows and coal-fired power plants are gradually replaced by green energy alternatives. Additionally, “$87,500 in additional funding to United Steelworkers Local 1595 to hire a transition coordinator to support laid-off coal workers in Wabamun.”

In addition, $2.15 million is being invested through the Canada Coal Transition Initiative Infrastructure Fund; this brings the total investment allocated across Alberta since 2018 to more than $32 million through the CCTI-IF, which was created in 2018 with a budget of $25 million to help people and communities affected in Alberta and Saskatchewan.

However, it should be noted that this is a far cry from the $105 million promised in the 2019 federal budget to support the green energy transition and economic diversification.

The Minister of Tourism and Associate Minister of Finance, the Honorable Randy Boissonnault, also issued a statement regarding the announcement: “The evolution of energy is upon us and Alberta will continue to lead the way. As we fight climate change and build a low-carbon economy, our government is committed to creating new economic opportunities and ensuring that no worker is left behind. Today’s investments strengthen federal support for Alberta’s coal-affected communities and will help lay the foundation for innovative new investment, business and jobs in our province.

Jon van der Veen/Postmedia Team

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