The Government of Canada’s number one priority remains keeping Canadians safe and supporting families and businesses through the COVID-19 pandemic. Even at this time, work continues to help the economy recover, create conditions for new jobs, lower emissions, and make life more affordable for Canadians.
Today, the Member of Parliament for Sault Ste. Marie, Terry Sheehan, on behalf of the Minister of Environment and Climate Change, the Honourable Jonathan Wilkinson, announced an investment of approximately $4 million from the Low Carbon Economy Fund to support Algoma Steel Inc.’s climate change initiatives. The integrated steel producer will use the funding to improve both the tar removal and light oil recovery areas of its coke making plant in Sault Ste. Marie, Ontario. This process will not only help reduce greenhouse gas emissions, but will also help improve local air quality.
“The environment and the economy go hand in hand. This investment marks an important milestone in making the Sault’s steel industry safer for the community, better for our environment, and more innovative for the future.” said, Terry Sheehan, Member of Parliament for Sault Ste. Marie
The funding for this investment comes from the Champions stream of the Government of Canada’s Low Carbon Economy Challenge, which invests in projects that reduce carbon pollution, save money, and create good jobs. From this project, Algoma Steel Inc. will see an annual reduction of approximately 21,000 tonnes of greenhouse gas emissions, amounting to a cumulative reduction of about 596,000 tonnes over the project’s lifetime. That is equivalent to removing approximately 182,000 cars off the road for one year.
“There is no vaccine for climate change. The Government of Canada is continuing its work to reduce emissions and build resilient communities and a low carbon economy, knowing the strong connection such efforts have on long-term health and financial well-being.” said,Jonathan Wilkinson, Minister of Environment and Climate Change “Now more than ever, we are focused on making life more affordable for families while protecting our environment and growing the economy. Today’s announcement is about reciprocating and helping businesses such as Algoma Steel Inc. to deploy cleaner technology, reduce emissions and make efficient use of natural resources.”
Canada’s climate plan is on track to deliver the largest emissions reduction in the country’s history. But these initiatives are just the beginning. The Government will continue to bring forward new and enhanced climate action measures to exceed our 2030 target and achieve net-zero emissions by 2050.