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

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...