•   
  •   
  •   

Entertainment Federal government unveils rules for $750-million emissions reduction fund

01:25  30 october  2020
01:25  30 october  2020 Source:   msn.com

Actors’ Equity Calls For Review Of “Deeply Frustrating” Health Fund Eligibility Proposal

  Actors’ Equity Calls For Review Of “Deeply Frustrating” Health Fund Eligibility Proposal UPDATED with statement from fund’s trustees: Actors’ Equity is calling on union trustees of the Equity-League Health Fund to withdraw their support from a plan that will make it more difficult for theatrical actors and stage managers across the country to qualify for health benefits when legitimate theaters reopen. The Health Fund, which provides health coverage to thousands of participants and their dependents, said that changes in eligibility rules announced today are necessary because the loss of revenue from the closure of theaters has “drastically affected the Fund’s financial position.

CA million of the CA$ 750 million amount will go to offshore oil and gas companies in the Province of Newfoundland and Labrador to reduce their emissions . The fund is part of larger package of funding for Canada’s energy sector in order to retain and create approximately 10,000 well-paying jobs.

The multi-billion-dollar Emissions Reduction Fund is under review and one idea being considered is to use taxpayer money to subsidise power generators, including The federal fund set up to fight climate change and reduce Australia's carbon emissions could be used to help extend the life of coal-fired

OTTAWA — Oil and gas companies that use federal cash to help cut methane emissions from their operations won't have to repay every penny if they eliminate the methane emissions entirely.

Seamus O'Regan wearing a suit and tie © Provided by The Canadian Press

Natural Resources Minister Seamus O'Regan unveiled rules for the $750-million emissions-reduction fund first announced by the federal government at the end of April.

"Any time we are able to help companies reduce emissions … that is a very good investment for Canada and is a very good investment for Canadians," said O'Regan.

"It's an incredibly effective way for us to reach our targets."

NCAA moves forward with historic reforms for athletes on name, image and likeness, as well as transfers

  NCAA moves forward with historic reforms for athletes on name, image and likeness, as well as transfers College athletes would gain freedom of movement and better access to free markets under the proposed NCAA legislation.For the first time ever, the NCAA’s Division I Council introduced legislation that would unlock the chain of amateurism rules that previously prevented such athletes from profiting off their name, images and likenesses.

Alberta will drain its $ 750 - million environmental piggy bank funded by its carbon tax on large emitters to pay for a host of programs it hopes will help the Some of it is earmarked to pay down Alberta’s deficit, but the rest is supposed to fund programs that encourage industry to reduce emissions and

The Federal Government has announced a .6 billion economic stimulus package in a bid to keep Australians in jobs as the economy takes a hit from the More than 6 million welfare recipients, including pensioners, carers, veterans, families, young people and jobseekers will get a one-off cash

Methane has more than 80 times the global-warming potential of carbon dioxide over a 20-year period and accounts for more than one-tenth of Canada's total emissions each year.

Almost half of them come from the oil and gas sector.

Canada has committed to cutting methane emissions between 40 and 45 per cent by 2025, but current regulations are only expected to cut 29 per cent by then.

The government has not estimated yet what emissions will be cut through this new program, but said up to half the cost of the loan can be forgiven if a project eliminates methane emissions.

If projects only cut some but not all emissions, the entire loan will have to be repaid.

Several environment groups were critical of the government for tentative agreements it reached with Alberta and Saskatchewan on methane emissions, which the groups argue won't be as strict as the regulations Canada laid out.

5 surprising findings from college football coaches salaries report

  5 surprising findings from college football coaches salaries report USA TODAY Sports' review of coaches' compensation found that the average scheduled pay for FBS coaches is $2.79 million, up 4.5% from last year.But even with those reductions, they're still making more money than ever.

The Government of Canada is taking targeted action to reduce methane emissions by providing access to funding for oil and gas companies to adopt Eligible conventional and offshore oil and gas companies can apply to the Government of Canada’s new $ 750 million Emissions Reduction Fund

The Emissions Reduction Fund mostly pays polluters to emit less greenhouse gas. The Federal Government 's central climate change policy appears to be in reverse, with its total carbon Key points: The Emissions Reduction Fund contracted 192 million tonnes of abatement, compared to

The equivalency agreements on methane emissions with Alberta and Saskatchewan will allow them to use their own regulations instead of having to follow Ottawa's.

But Environmental Defence, the David Suzuki Foundation and the Environmental Defense Fund, asked the government not to finalize those agreements until they can be improved to get Canada closer to its target.

Dale Marshall, national climate program manager at Environmental Defence, said the reason Ottawa can't say how many emissions this fund will cut is because it's not tying the cash to meeting the regulations.

"That's the difference with regulations," he said. "The level of reductions doesn't depend on industry coming forward with proposals. It ensures that every oil and gas facility is doing what is needed, especially given that these are very, very cost-effective."

Patrick McDonald, climate director at the Canadian Association of Petroleum Producers, said the new program offers some flexibility which is good, but how much impact it will have will depend on what companies apply and get accepted.

He said most companies are already looking to move to cut methane emissions, with or without regulations.

This report by The Canadian Press was first published Oct. 29, 2020.

Mia Rabson, The Canadian Press

Trudeau government close to unveiling plan to hit net-zero emissions by 2050 .
The federal government is set to introduce climate accountability legislation as early as next week to formally commit Canada to its target of net-zero greenhouse gas emissions by 2050. The long-awaited bill will set out mandatory national five-year targets to cut emissions, starting in 2025. While the Liberal government has promised the five-year targets will be "legally binding," the legislation isn't likely to include an enforcement mechanism to ensure those targets are being met.

usr: 0
This is interesting!