Ford’s energy plans could shut province out of billions in federal incentives
The federal budget released last month included a clean-electricity tax credit worth an estimated $25.7 billion. But it’s only available in provinces that commit to a net-zero electricity grid by 2035 — something Ontario has not done.
Neither the province nor the federal government will answer the question directly. They only say negotiations are ongoing and that they hope to reach a deal before next year, when the credits come into effect. “Either way, it’s going to be a multibillion-dollar scandal to add to the tally of this government’s already expensive ideological battle against climate policy.”
There is no cap on how much money is available for these projects, but Ottawa estimates they will cost $6.3 billion over the next four years, and an additional $19.4 billion for the following seven years until 2035. If the tax credit is the carrot used to entice provinces to clean up their electricity, the federal government also has a stick.will require every province to have a net zero grid by 2035. Currently in draft form, they state carbon-emitting generation can only be used during “emergency” situations or to “back up” renewable energy..
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