Premier David Eby used his first international trip to praise United States efforts to address climate change through the Inflation Reduction Act, while at the same acknowledging the challenges that poses for British Columbia.
Eby said he has told the federal government to be “very cognizant” of what the U.S. is doing to promote green energy and to pursue policies that can help B.C. remain competitive and expand in that field. The act directs nearly $ 400 billion in federal funding to clean energy with the goal of substantially lowering carbon emissions by the end of this decade. Companies from countries around the world including Canada are looking to tap into that funding by either moving operations to the United States or diverting resources toward existing operations there at the expense of projects elsewhere.
Eby’s host said the de-carbonization of the global economy will create jobs on both sides of the border with deeper integration up and down the West Coast on the horizon.Other topics of discussion during Monday’s meeting between Eby and Inslee included transportation, fisheries, environment and homelessness.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: TerraceStandard - 🏆 24. / 68 Read more »