"We are at a pivotal moment in the green transformation," Freeland said in a speech to the House of Commons. But environmentalists said they fall short of the transformative change needed for Canada to become a climate leader. Five billion dollars over seven years will go to the Net Zero Accelerator, a fund that helps large-emitting companies reduce their greenhouse gas emissions. In addition to the tax credit, today's budget pledges only $319 million over seven years for the federal natural resources department for carbon capture research and development. Teika Newton, policy director for Climate Action Network Canada, praised the investments in clean transportation, energy-efficient homes and green bonds.

Source: CBC News April 20, 2021 00:11 UTC