Forestry Investment – The Canadian Liberal party has pledged to introduce green tax incentives and rebates if they win the upcoming federal election. The plans are aimed at helping the forestry sector, as well as people living in rural areas of Canada, especially the North.
Liberal Leader Stéphane Dion announced the plans at a conference in Winnipeg. Mr. The plans include a $400 million budget over four years for Emissions Reduction Credits. The credits will be delivered as refundable tax credits, so that farmers and forestry companies will get credits for emissions reduction whatever their income.
Roger Valley, who heads the Liberal Forestry Caucus said: “When Mr. Dion first announced the Liberal green shift plan, he said our party would be open and responsive to the concerns of Canadians. Over the course of the summer, we heard from the forestry industry and we have responded appropriately with a package of added measures that will help specific industries, including forestry, reduce their reliance on fossil fuels and invest in alternatives.”
Federal Economic Development Initiative for Northern Ontario Critic Ken Boshcoff welcomed the announcement as a reflection of the Liberals’ commitment to act on suggestions made by the forestry industry in Canada: “Our plan for the economy and the environment sits in sharp contrast to the Harper Conservatives, who have no plan at all,” he said.