subsidy
Hundreds denied rent supplement after N.S. quietly changed eligibility rules
To qualify, applicants now have to spend at least 50% of their pre-tax income on housing, up from 30% Brian Dauphinee is being renovicted from his $637-a-month Halifax studio apartment at the end of August, and is about to anxiously wade into the city’s increasingly expensive rental market. But the 69-year-old, who lives on a pension, will do so without the help of a rent supplement. He’s one of hundreds of people who have been denied financial aid in recent months under a change made to the joint provincial-federal program.Read more
Ottawa announces plan to phase out ‘inefficient’ fossil fuel subsidies
Environmental group says the plan still has loopholes Ottawa published its plan for eliminating inefficient fossil fuel subsidies today — making Canada the first country among wealthy, heavy-emitting nations to do so, according to the federal government. In 2009, the countries that make up the G20 publicly promised to “phase out and rationalize … inefficient fossil fuel subsidies” over the “medium term.” Such subsidies “encourage wasteful consumption, reduce our energy security, impede investment in clean energy sources and undermine efforts to deal with the threat of climate change,” said the G20 communique. Environment and Climate ChangeRead more
Demand for biofuels sparks Canadian boom. But will U.S. subsidies pull investment south?
Subsidies from U.S. Inflation Reduction Act will make it cheaper to produce fuel stateside Canada’s biofuel industry is seeing a major uptick in investment spurred on by growing global demand for biofuel and, in particular, the implementation of the country’s new Clean Fuel Regulations. In recent years, much of the investment in Canada’s biofuel sector has targeted the production of renewable diesel, a biomass-based fuel that is chemically equivalent to petroleum diesel and can either be blended with it or used as a replacement fuel. As that industry grows, so doesRead more