Ottawa is trying to lure carmakers to build battery plants in Canada, and they don’t want to reveal just how much they are willing to offer
, because the federal government offered them large subsidies. How much money? Ottawa isn’t saying.
Ottawa won’t say how much money they are putting into the new Volkswagen plant yet because they are trying to lure other carmakers to build battery plants in Canada, and they don’t want to reveal just how much they are willing to offer. Sometimes enormous sums can feel meaningless, so let’s put it another way. If Ottawa really is paying $15-billion for a single battery plant, and hopes to do the same thing two more times, that would mean $45-billion over a decade. That’s roughly as much additional new money as the federal government put into health care in a recent agreement with the provinces.
President Joe Biden has passed bills establishing hefty incentives to bring industrial investments to the U.S., to “reshore” advanced manufacturing from China, and to build a high-tech and cleantech industrial base for the future.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Rugby Canada chair Sally Dennis to represent Canada on World Rugby CouncilRugby Canada board chair Sally Dennis has been appointed Canada's representative on World Rugby's Council.
Lire la suite »
Trudeau says Ottawa will help $300-million Michelin plant expansion in Nova Scotia | National NewswatchNational Newswatch: Canada's most comprehensive site for political news and views. Make it a daily habit.
Lire la suite »
Ottawa giving $300M to Nova Scotia Michelin plant to make EV tiresPrime Minister Justin Trudeau said on March 14 the federal government plans to provide $44.3 million to Michelin's manufacturing plants in Nova Scotia as they shift toward production of tires for electric vehicles.
Lire la suite »
Freeland meets with bank regulator head, BoC following U.S. bank collapseFinance Minister Chrystia Freeland is assuring that Canada's financial institutions are secure after meeting with the head of Canada's bank regulator and the Bank of Canada.
Lire la suite »
Freeland meets with bank regulator head, BoC following U.S. bank collapseChrystia Freeland is assuring that Canada\u0027s banks are secure after meeting with the head of Canada\u0027s bank regulator and the Bank of Canada.
Lire la suite »
Freeland meets with bank regulator head, BoC following U.S. bank collapseChrystia Freeland is assuring that Canada\u0027s banks are secure after meeting with the head of Canada\u0027s bank regulator and the Bank of Canada.
Lire la suite »