Canada Urged To Copy Obama's Green Stimulus Plan

Jan 26 2009 | 12:00am ET

Canada's Green Party is urging Prime Minister Stephen Harper to follow U.S. President Barack Obama's lead and make investment in green technology the cornerstone of its economic stimulus plan.

Speaking on Thursday in Ottawa, Green Party leader Elizabeth May said Canada needs “a green, new deal.” Her comments come just days before the government presents its federal budget, which Harper says includes massive spending to support the economy.

May called for investment in alternative energy sources like wind and solar power, along with money for municipal infrastructure projects like bridges, transit, and water.

"They are both investments for the future and they stimulate the economy in the short term," she said.

In a report released last week, Sustainable Prosperity, a think-tank of economic and environmental experts, says a green stimulus package could create more than 160,000 jobs in Canada. The report calls for investment of $15 billion.


In Depth

Star Fund Managers Battered By Rocky Ride In Yields, Currencies

May 28 2015 | 6:05am ET

Some of the biggest names in the investment world have been whipsawed by the recent...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

When Less is More: The Case for Concentrated Equity Strategies

Jun 1 2015 | 7:59am ET

The conventional wisdom is that wide diversification is the “holy grail,” as...

 

Sponsored Content

Editor's Note