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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Turkiye President Recep Tayyip Erdogan won reelection Sunday, extending his increasingly authoritarian rule into a third decade in a country reeling from high inflation and the aftermath of an earthquake that levelled entire cities.
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The historic impeachment of Texas Attorney General Ken Paxton was just the first round of a Republican brawl over whether to banish one of their own in America's biggest red state after years of criminal accusations.
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Alberta NDP Leader Rachel Notley held a major rally in downtown Calgary Saturday morning, while her United Conservative rival had no public events planned this weekend after a final pitch to voters a day earlier.
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A suspect has been arrested in connection with five separate shootings in the Phoenix metro area that left four people dead and a woman wounded, authorities said Sunday.
The historic impeachment of Texas Attorney General Ken Paxton was just the first round of a Republican brawl over whether to banish one of their own in America's biggest red state after years of criminal accusations.
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One of the so-called godfathers of artificial intelligence says governments need to move faster on regulations to protect against the dangers of the rapidly advancing technology, before it poses a larger threat to humanity.
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Egypt unearthed human and animal mummification workshops as well as two tombs in the ancient burial ground of Saqqara, officials said on Saturday, marking the latest in a string of discoveries that the country hopes can help revive its vital tourism industry.
France confirmed its aim to launch a vaccination program against bird flu in the autumn after results from a series of tests on the vaccination of ducks showed 'satisfactory effectiveness,' the farm ministry said.
Several Jewish groups, politicians and an alliance of civil society groups gathered for a memorial ceremony and a protest rally against a concert by Roger Waters in Frankfurt on Sunday evening.
Dedicated fans of 'Succession' are locking in plans to watch the whopping 88-minute finale while turning online for emotional support, memes and endless theories about how the show could end and who will prevail.
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As Elizabeth Holmes prepares to report to prison next week, the criminal case that laid bare the blood-testing scam at the heart of her Theranos startup is entering its final phase.
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Pajaree Anannarukarn of Thailand capped off the longest week on the LPGA Tour with a 3-and-1 victory Sunday to win the Bank of Hope LPGA Match Play over Ayaka Furue of Japan.
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