Prime Minister Justin Trudeau and B.C. Premier David Eby have announced a subsidy exceeding $1 billion for a British Columbia energy company specializing in lithium-ion battery production.
The funds are earmarked for creating a new facility for the company, anticipated to be the first in Western Canada for developing high-performance lithium-ion battery cells. As part of the electrification plan, E-One Moli will be switching some of its plants from natural gas to electricity, the statement said.
“When Conservative politicians continue to say that we have to pick between the economy and the environment, they just don’t get it. They are stuck in the past,” the prime minister said.
“This is the future we are building together, every single day. Climate policy is economic policy.”
Mr. Eby echoed Mr. Trudeau’s comment, stating, “We are charting a course in Canada and internationally that demonstrates the strength of a commitment to a low-carbon, zero-carbon future.”
A Conservative private member’s bill, C-234, which seeks to amend the Greenhouse Gas Pollution Pricing Act, underwent discussion during third reading in the Senate on Nov. 9. Following approval of the third reading, the bill will advance to receive royal assent and be formalized into law.
During the press conference, Mr. Trudeau was joined by Mr. Eby, alongside several cabinet members, including Innovation Minister François-Philippe Champagne, Minister of Natural Resources Jonathan Wilkinson, and Minister of Citizens’ Services Terry Beech. Also present was B.C.’s Minister of Jobs Brenda Bailey and Maple Ridge Mayor Dan Ruimy.
