Canada Risks More Than C$50 Billion In Cleantech As Incentives In Limbo
(Reuters) — More than a year after Canada first announced incentives to jumpstart clean technology projects there is still no money flowing, and if they are not in place soon, more than C$50 billion ($37 billion) in investments could be at risk, industry groups said.
Prime Minister Justin Trudeau’s Liberal government has pledged a bevy of investment tax credits (ITCs) worth some C$27 billion over five years to spur investment in green technologies, partly in response to the generous incentives that have been on offer in the United States for more than a year.
“Companies are going to get pretty tired of waiting around given the certainty that they do have in the U.S.,” said Bob Masterson, president and CEO of the Chemistry Industry Association of Canada. The government “urgently needs to get as much of this out the door this fall as possible.”
Masterson says there are “well beyond C$25 billion of proposed investments” in more than a dozen projects in his industry that are waiting for the incentives. |Read more https://www.dailyoilbulletin.com/article/2023/9/18/canada-risks-more-than-c50-billion-in-cleantech-as/| www.dailyoilbulletin.com/artic…
#politics #cdnpoli #cleantech #OnHold #subsidies #incentives #jobs #environment #climateChange
These companies have laid off Canadian workers in 2023
A wave of layoffs last year, which left thousands of Canadian workers jobless, is continuing this year as recession predictions loom and the tech sector downturn deepens.
These are some of the companies which have said goodbye to Canadian workers so far in 2023.
Absolute Software Corp.: The Vancouver-based security software company said it would cut about 40 jobs as part of an April restructuring plan to reduce its operating expenses.
BCE Inc.: The telecommunications giant said in mid-June that it would slash 1,300 positions, including six per cent of its media arm. It blamed the job cuts on a challenging public policy and regulatory environment, raising specific concerns about Bill C-11, the Online Streaming Act, and Bill C-18, the Online News Act.
Benevity: The Calgary-based company which creates charity-centric software revealed plans to slash its team by 14 per cent, leaving 137 workers without a job in January.
Best Buy: The consumer electronics retailer said it would be reducing its workforce by 0.7 per cent, estimated to be about 700 employees, in January.”
There’s quite a few more if you’re interested in reading the rest of the article |Read more https://www.albertaprimetimes.com/edmonton-news/these-companies-have-laid-off-canadian-workers-in-2023-7555599| www.albertaprimetimes.com/edmo…