MAC: Feds recognize industry’s critical role in economy, net-zero transition
On March 28, the Canadian government tabled the 2023 federal budget, of which a major focus was the mining supply chain and the country’s move to net-zero future, while strengthing on the country’s economy.
CTV National News – Clean Energy Tax Credit
Response from Budget 2023
What ‘clean economy’ items stakeholders asked for in the federal budget
Several stakeholders made asks related to the clean economy when they submitted their wish lists during federal budget consultations, which began late last fall. Here is a look at what some companies, unions and industry groups asked for.
Federal budget could have big implications for Manitoba mining industry
With an insatiable demand for lithium around the world, new tax incentives unveiled in the 2023 federal budget could have big implications for Manitoba’s mining industry.
‘Our country can’t borrow its way to prosperity’: Business reacts to budget 2023
Business lobbyists, labour leaders and economists offered mixed reviews of Finance Minister Chrystia Freeland‘s 2023 budget.
Reactions: Canada 2023/24 budget deficit to jump, Ottawa to boost spending
Canada on Tuesday sought to close competitive gaps with United States with a budget aimed at attracting investment in the low-carbon economy, including tax incentives for electric-vehicle (EV) manufacturers and expanding the electricity grid.
Budget prioritises Canadian miners’ role in global critical minerals supply chain – MAC
The 2023 Budget, delivered by Finance Minister Chrystia Freeland on Tuesday, bolsters the ability of the Canadian mining sector to deliver for the country, recognising the industry’s central role in enabling the transition to a net-zero economy, says Mining Association of Canada (MAC) president and CEO Pierre Gratton.
Canadian budget contains $21 billion for clean technologies and critical minerals
Ottawa plans to spend $21 billion over five years on clean technology in one of the main platforms affecting the mining industry contained in Tuesday’s annual federal budget. Finance Minister Chrystia Freeland said the amount, including a 30% investment tax credit to boost clean-tech manufacturing, especially in the electric vehicle (EV) supply chain, could expand […]
Demand for critical minerals in EV batteries requires faster mining project approvals: stakeholders
A typical electric car requires six times the mineral inputs of a conventional car, and the energy sector’s overall needs for critical minerals could increase by as much as six times by 2040, according to the International Energy Agency
Budget 2023: Offhanded comment by Biden shows Ottawa can’t take mining boom for granted
When Justin Trudeau’s government announced plans to invest $3.8 billion to develop its critical minerals sector in the last budget, many in Canada’s mining sector believed the industry was finally going to get the attention it deserves amidst rising global demand for the minerals used to power electric vehicles
