Veterans Affairs Minister and Cardigan MP Lawrence MacAulay provincial Environment, Energy and Climate Action Minister Steven Myers have announced a federal investment of up to $48.7-million from Canada’s Low Carbon Economy Fund to reduce energy costs and support climate action in PEI.
The funding will be divided into two parts:
- Up to $16.8 million for provincial Home Heating Oil Transition programming to support low-income homeowners’ transition from home heating oil to more affordable low-emitting heating technologies.
- Up to $31.9 million for provincial initiatives that support Canada’s 2030 greenhouse gas emissions reduction target and align with Canada’s goal of net-zero emissions by 2050.
The federal and provincial governments are working to finalize an agreement on the delivery of the funding.
