Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Teal Valley T.TV


Primary Symbol: P.TEAL

Teal is a Canadian, pharmaceutical & NHP manufacturer selling to Canada’s national, chain drug stores, presently expanding its portfolio to include cannabinoid-based products utilizing proprietary formulations & extractions for both the global Rx & recreational markets.


P.TEAL - Post by User

<< Previous
Bullboard Posts
Next >>
Post by Puffpuff02on Nov 24, 2020 7:17am
747 Views
Post# 31958902

RNG included in Qubec Government’s green economy plans

RNG included in Qubec Government’s green economy plans

RNG included in Qubec Government’s green economy plans

Qubec’s government has unveiled its plans for a green economy, incorporating renewable natural gas (RNG) and green hydrogen.

Qubec Premier Franois Legault and the Minister of the Environment and the Fight Against Climate Change and Minister responsible for the Laval Region, Benoit Charette, unveiled the province’s 2030 Plan for  green Economy (2030 PGE).

Along with 2030 PGE, the Qubec Government launched its first implementation plan covering 2021-2026, backed by a budget of $6.7 billion (€4.3 billion) over five years.

The amounts earmarked for this electrification and climate change framework policy is indicative of the government’s intent to make the province a leader in the green economy by expanding clean electricity.

With the 2030 PGE, the government is laying the foundations for a green economic recovery, reiterating its commitment to reduce greenhouse gas (GHG) emissions by 37.5% by 2030.

The government is launching a major electrification undertaking mainly in the transport sector, but also building heating and other industrial sectors. Over the next five years, $3.6 billion (€.2.3 billion) stemming from the 2030 PGE implementation plan will be invested in public transport through the 2020-2030 Qubec Infrastructure Plan.

Under the plan, light trains, city, and school buses, taxis, cars, and trucks will all be progressively electrified. The target is to have 1.5 million electric vehicles on Qubec’s roads by 2030.

Measures to stimulate electrification in the province and reduce GHG emissions include:

  • Injecting more than $550 million (€354 million) to reduce emissions linked to heating residential, commercial, and institutional buildings by 50%. To be achieved by ‘optimal complementarity’ between electricity and gas networks, and by using bioenergy, energy efficiency, and converting fuel oil to electricity, as well as using RNG and other renewable sources

  • Renewing rebates for acquiring or leasing electric vehicles and charging stations for individuals, as well as aid programmes for businesses and the taxi industry

  • Tightening the zero-emission vehicle standard to encourage manufacturers to supply the Qubec market with more vehicles and a greater diversity of models

  • Prohibiting the sale of new gasoline-powered vehicles as of 2035

  • Accelerating the deployment of Hydro-Qubec fast-charging stations and standard charging stations

  • $768 million (€495 million) to make the industrial sector greener and more competitive


New renewable energy sources will diversify the province’s energy portfolio over the coming years. Investments totalling $213 million (€137 million) will support the emerging RNG sector and $15 million (€9.6 million) in investments will support development in the search for innovation in the green hydrogen sector.

“Of all US states and Canadian provinces, Qubec emits the least amount of greenhouse gas per capita,” said Legault. “This is a reality we can be proud of! But rather than stop there, I invite Qubecers to build on that source of pride by going further to tackle the challenge of climate change and profoundly transform our economy.

“The focal point of our project is to electrify our economy. The invaluable asset of hydroelectricity, along with wind power and other forms of clean energy, will enable us to significantly reduce our GHG emissions while creating greater wealth. With our clean electricity, we can become the green battery of northeastern America and overcome our climate challenge.”

 

<< Previous
Bullboard Posts
Next >>