More than $ 50 million will be spent to attract industries to British Columbia to run their businesses and reduce their carbon footprint through the use of hydroelectric power.
Author of the article:
Publication date:
September 28, 2021 • 39 minutes ago • 1 minute read • Join the conversation
Article content
BC Hydro and the provincial government have announced a new five-year plan for the Crown corporation that provides incentives for people to switch from fossil fuels to electricity to power their homes, businesses and vehicles.
Article content
Under the plan, BC Hydro will spend nearly $ 190 million to promote fuel switching in homes, buildings, vehicles and industry.
More than $ 50 million will be spent to attract industries to British Columbia to run their businesses and reduce their carbon footprint through the use of hydroelectric power.
Bruce Ralston, the province’s minister for low-carbon energy, mines and innovation, says the plan could lead to lower rates for BC Hydro customer rates, potentially by about 1.6 percent by 2026.
Prime Minister John Horgan says the plan could reduce greenhouse gas emissions by approximately 930,000 tons by 2026.
It says that’s the equivalent of taking about 200,000 passenger vehicles off the roads a year.
Reference-vancouversun.com