Finance Minister Chrystia Freeland used her fall economic update Tuesday to confirm that the fund – which she launched a year ago in the 2022 fall economic statement – would be the principal vehicle to deliver carbon contracts for difference.
A geothermal energy company is the first recipient of funding from the Canada Growth Fund, the federal government's new $15-billion arm's-length public investment vehicle.
Canada's push for a zero-emission electricity grid will get a significant funding boost in the federal budget on March 28, 2023, including with new tax credits expected to encourage the development of renewable power sources like wind and solar.
As the federal government readies its spring budget, a climate group is urging Ottawa to pursue a "made-in-Canada" response to U.S. clean energy incentives.
Finance Minister Chrystia Freeland is getting tough on inflation even as the economy teeters on the brink of a recession, writes reporter and researcher Edward Ngai.
