First recipient of new climate money

Category : Canada News
Updated On : January 12, 2019 06:59 AM
By Indian Times Daily

The Trudeau government has selected an Ontario company as the first “winner” of funds under a part of the federal climate change plan.

“This is a big solution that’s going to make a difference in the lives of people in Ontario. It’s focused on how we cool buildings,” Environment and Climate Change Minister Catherine McKenna said during an interview.

The feds are giving $10 million to further the expansion of Enwave Energy Corporation’s deep lake water cooling system, which uses cold water from Lake Ontario to heat large buildings in the downtown core. The money comes from a section of the Low Carbon Economy Fund.

In November, McKenna announced that the Low Carbon Economy Fund, which would normally directly benefit the provincial government, would instead be opened to businesses and industries in Ontario to support their environmental efforts.

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