Trudeau makes Covid-19 aid intended to ‘save Canadian jobs’ conditional on meeting climate change goals
Adding insult to the injury of Covid-19 closures, Canadian Prime Minister Justin Trudeau has announced that businesses seeking emergency payroll funding will have to demonstrate their compliance with ‘climate charge’ guidelines.
Citing the need to protect “Canadian middle-class jobs and safeguard our economy,” Trudeau on Monday rolled out the expansion of the Large Employer Emergency Financing Facility (LEEFF), intended to provide bridge liquidity to companies unable to meet their payroll due to the shutdown.
There is, of course, a catch. Among the standard safeguards listed in the government announcement – limits on stock buybacks, verification of a company’s tax status, protections for unions and pensions, among other things – there was this as well:
“In addition, recipient companies would be required to commit to publish annual climate-related disclosure reports… including how their future operations will support environmental sustainability and national climate goals.”
Asked whether the aid would be given to oil and gas companies, Trudeau said the government expects them to “put forward a frame within which they will demonstrate their commitments to reducing emissions and fighting climate change,” and that many have already made commitments to net-zero emissions by 2050.
https://www.rt.com/news/488393-canada-covid-climate-change/
Communist Canuckistan is coming along nicely