Canada is investing over $62M to switch to cleaner energy in New Brunswick
by CM staff
The federal government is working closely with New Brunswick to finalize an agreement on the delivery of this funding.
FREDERICTON — A federal investment of up to $62.7 million from Canada’s Low Carbon Economy Fund will go towards increasing energy security and support climate action, building a strong economy in New Brunswick.
The funding will be divided into two parts:
- Up to $23.8 million for provincial programming to enable low-income homeowners to transition from home heating oil to low-emitting heating technologies.
- Up to $38.9 million for provincial initiatives that support Canada’s 2030 greenhouse gas emissions reduction target and align with Canada’s goal of net-zero emissions by 2050.
This funding is in addition to other Government of Canada efficiency programs, including Natural Resources Canada’s Oil to Heat Pump Affordability Program, in which eligible homeowners with low-to-moderate incomes can receive up to $10,000 in federal support, when combined with funding available from the Canada Greener Homes Grant. These two programs have supported the installation of over 10,000 heat pumps in Atlantic Canada, including 5,422 in New Brunswick.
The Low Carbon Economy Fund has supported projects in New Brunswick, from the conservation and efficient use of energy in manufacturing facilities, to residential retrofits and energy retrofits on municipal buildings such as arenas, wastewater treatment facilities, fire halls, transit facilities, offices, and public buildings.
“We know Canadians need help with their cost of living right now. Helping the people of New Brunswick reduce their heating bills by switching off oil not only cuts costs year over year, but it also cuts climate pollution,” said Jenica Atwin, Member of Parliament for Fredericton, New Brunswick. “Whether it is the Greener Homes Grants or federal heat pump subsidies, federal supports are making it more and more attractive for New Brunswickers to switch to more affordable and cleaner energy. This is just one way the federal government is implementing smart climate policies that are creating clean air and a strong economy in New Brunswick.”
