Reason for the bounce?PM announces $1.5-billion in alternative energy funding
Canadian Press
Friday, January 19, 2007
METCHOSIN, B.C. — Prime Minister Stephen Harper says the federal government is putting more than $1.5-billion into funding for alternative energy technologies.
Prime Minister Stephen Harper announced today in Metchosin, B.C., that the EcoENERGY Renewable Initiative will boost Canada's renewable energy supplies.
The first component of $1.48-billion is designed to increase supplies of clean electricity from renewable sources like wind, biomass, small hydro and ocean energy.
Mr. Harper says a 10-year incentive program will be established to fund eligible projects to be constructed over the next four years.
A second component will provide more than $35-million in incentives and industry support for the adoption of clean, renewable thermal technologies for water and space-heating in buildings.
The prime minister was joined by Environment Minister John Baird and Natural Resources Minister Gary Lunn for the announcement at the Lester B. Pearson College of the Pacific, west of Victoria.
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