FPAC welcomes low-carbon economy fund announcement
By Forest Products Association of Canada
June 16, 2017 - The Forest Products Association of Canada (FPAC) supports the Minister of Environment and Climate Change, the Honourable Catherine McKenna, and her government’s $2 billion dollars in federal funds over the next five years for the Low Carbon Economy Fund. Details are as follows:
- An envelope of $1.4 billion will be available to support the leadership commitments from provinces and territories that they outlined in the Pan-Canadian Framework on Clean Growth and Climate Change.
- The remainder of funds will be available for the implementation of the Pan-Canadian Framework and for projects submitted by provinces and territories, municipalities, Indigenous governments and organizations, businesses and both not-for-profit and for-profit organizations. Projects that best reduce GHG emissions and generate clean growth will be considered for funding.
“With most of our operations in rural and northern Canada, we know very well that there are challenges and opportunities facing our workers and our communities as we work together to address climate change. Today’s announcement by Minister McKenna provides a real opportunity for companies that are interested in investing and innovating to secure a lower carbon economy.”