Freeland's green economy spending aimed at competing with U.S. Inflation Reduction Act
Freeland's green economy spending aimed at competing with U.S. Inflation Reduction Act
Finance Minister Chrystia Freeland says clean energy and green technology spending may not have been the big-ticket items of the 2023 federal budget if it weren’t for the need to compete with infrastructure spending in the United States.
After she tabled the budget in the House of Commons Tuesday, Freeland told CTV’s Power Play host Vassy Kapelos that her government has been “at this for a long time,” campaigning on “the economy and the environment going together.”
Still, she said she doesn’t think it would have invested in a clean economy at the scale of the 2023 budget if it weren’t for the need to compete with the Inflation Reduction Act, which offers billions of dollars in energy incentives south of the border.
“I don’t think we would have done as much, had the IRA not been introduced,” Freeland said, adding the Liberal government has been pushing for clean economy policies for years, and citing the carbon price as an example.
“It’s also true that the U.S. plan, the IRA, is a game changer,” she also said. “They have put a ton of money on the table, and it was really important for us, having been ahead in this race, not to fall behind.”
Freeland discusses the 2023 federal budget in the video at the top of this article.
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NDP Leader Jagmeet Singh is pushing for special rapporteur David Johnston to 'step aside' from his role examining the issue of foreign interference before he embarks on public hearings.
New Democrat MP Jenny Kwan said Monday that Canada's spy agency has confirmed her long-held belief she is being targeted by the Chinese government, as the prime minister granted the NDP's wish to allow more party members to review top-secret intelligence.
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Canadian political leaders and parliamentarians are denouncing a new law passed in Uganda that imposes harsh penalties, including the death penalty, for certain cases involving homosexuality.
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Nine people were injured Monday evening when gunfire erupted along a beach boardwalk in Hollywood, Florida, sending people frantically running for cover along the crowded beach on Memorial Day.
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The NATO-led KFOR peacekeeping force on Monday said that 25 of its troops were injured in the clashes with ethnic Serbs in northern Kosovo who were trying to take over the offices of one of the municipalities where ethnic Albanian mayors took up their posts last week.
Police fired tear gas and demonstrators burned cars Monday near the home of Senegal's main opposition leader, as tensions rise in the capital days before a court verdict is expected on charges against the politician.
Malaysia's maritime agency said Monday it found a cannon shell believed to be from World War II on a Chinese-registered vessel and was investigating if the barge carrier was involved in the looting of two British warship wrecks in the South China Sea.
U.S. President Joe Biden lauded the sacrifice of generations of U.S. troops who died fighting for their country as he marked Memorial Day with the traditional wreath-laying ceremony at Arlington National Cemetery.
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North Korea on Monday notified neighbouring Japan that it plans to launch a satellite in coming days, which may be an attempt to put Pyongyang's first military reconnaissance satellite into orbit.
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