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    Home»Trending News»Canada announces US$50 billion plan to boost clean energy
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    Canada announces US$50 billion plan to boost clean energy

    Team_Prime US NewsBy Team_Prime US NewsAugust 18, 2026No Comments2 Mins Read
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    MONTREAL: Canadian officers introduced plans on Monday (Aug 17) to massively improve wind and hydropower technology within the japanese a part of the nation, in a mission Ottawa known as “the biggest clear vitality funding in North American historical past.”

    The tentative settlement between Prime Minister Mark Carney’s authorities, the province of Quebec in addition to Newfoundland and Labrador marks a significant effort to extend electrical energy manufacturing.

    It consists of plans to improve the Churchill Falls producing station whereas growing a brand new hydro mission on Gull Island. Each websites are in Labrador, on Canada’s Atlantic coast.

    A number of the new energy generated would even be transmitted to Quebec, with utility Hydro-Quebec promoting a big quantity of electrical energy into the northeastern United States.

    Carney’s workplace put the entire investments within the mission at almost C$70 billion (US$50.5 billion).

    However the initiative might be stalled inside months.

    At Monday’s signing ceremony in Newfoundland, Quebec Premier Christine Frechette acknowledged that her political opponents, the separatist Parti Quebecois, might tear up the settlement in the event that they win provincial elections in October, an consequence present polls recommend is probably going.

    But when the mission strikes ahead, Carney mentioned the quantity of energy generated can be “sufficient to mild, warmth (and) cool the houses in Toronto, Montreal and Vancouver mixed.”

    Since taking workplace final yr, Carney has been criticised by environmentally aware teams who accuse him of betraying local weather pledges backed by his predecessor Justin Trudeau.

    A member of Carney’s cupboard resigned final yr over plans to advance a brand new oil pipeline working from Alberta to the Pacific coast.

    Monday’s announcement was nevertheless welcomed by the Canadian Local weather Institute, which mentioned it confirmed “the extent of ambition wanted to succeed in Canada’s objective of doubling the electrical energy grid with clear vitality”.

    The group’s president, Rick Smith, mentioned that enhancing home clear vitality provide will even “enhance vitality safety and affordability in a time of unstable vitality value swings”.



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