Liberals promise tax break for green tech companies, net-zero emissions by 2050

BURNABY (NEWS 1130) — Liberal Leader Justin Trudeau is announcing a plan to make Canada carbon neutral by 2050 on the heels of a high-profile United Nations climate meeting yesterday.

To set the stage for his announcement Tuesday morning, Trudeau chose Nano One Materials, a company that works on cutting-edge battery technology, which just so happens to be in Burnaby riding of NDP Leader Jagmeet Singh.

If elected, Trudeau says net-zero clean tech companies would see their corporate taxes cut in half under a re-elected Liberal government.

“The clean tech market is exploding. This is the way the world is going. This is the next great economic frontier,” he says.

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Trudeau adds the climate is going to have to be a part of every major policy discussion going forward.

“You pay for climate change when you’re facing higher insurance premiums, or when tourists skip your town because of smoke from neighboring forest fires is too much. You pay when a drought devastates your crops, and you pay when deadly heat waves paralyze your city for days,” he says. “Climate change is already making life more expensive for Canadians. We have to take it seriously, and that starts with setting ambitious but essential goals outlining how we’re going to get there.”

He insists his party will meet and exceed its 2030 emissions targets, but his government has so far been scant on details about how that will be achieved.

Trudeau is also blasting several prominent conservative leaders saying that, on the climate issue, they just don’t care.

The NDP was quick to challenge the Liberals’ climate plan, issuing a statement shortly after Trudeau’s announcement, reading simply: “You. Bought. A . Pipeline.”

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