Trudeau to spend $6B on renewable power: Financial Post
Financial Post, October 20, 2015
Likely impact in five key areas
Trudeau has a particularly ambitious plan for renewable energy projects, with a promise to commit nearly $6 billion in green spending over a four-year period and ramping that up to nearly $20 billion over 10 years. The Liberals will also incorporate climate impact analysis into federal contracting, which could get further money flowing into the green space.
All of that will be welcome news for Canada’s renewable energy companies, especially as the previous government focused investment on the oil and gas sector.
“It is fair to assume that the sector will be a big net winner under this government, as they have carved out specific spending in their infrastructure outlays for green energy,” said BMO’s Porter. “Beyond direct spending on the sector, it’s also safe to assume that the government will support the sector heavily through direct measures.”
For more information on who’s advising our Prime Minister designate, read this account on Gerald Butts, formerly a staffer in the office of Dalton McGuinty, now Trudeau’s top adviser:
Butts was principal secretary to Dalton McGuinty when he assumed the premier’s office. Former secretary of cabinet Tony Dean calls Butts the “smartest senior political and policy adviser that I worked with in almost 20 years in government.”
As Butts helped implement a green energy strategy that would phase out coal and sell a tax his leader had promised never to implement, Telford set out with Kennedy to implement the premier’s ambitious agenda in education.