Canada considers tax break for off-road EVs to tackle mining sector emissions | RenewEconomy

Canada considers tax break for off-road EVs to tackle mining sector emissions

Canada to introduce tax write-offs for all-electric off-road vehicles and other automotive equipment in effort to reduce carbon emissions in country’s mining sector.

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Justin Trudeau. Source: AAP

The Driven

Canada will introduce tax write-offs for all-electric off-road vehicles and other automotive equipment in an effort to reduce carbon emissions in the country’s mining sector.

Making a surprise appearance at the annual Prospectors and Developers Association of Canada mining conference in Toronto, Canadian prime minister Justin Trudeau told miners “protecting the environment” would attract investment and be good for the economy.

Canada is similar to Australia in that its economy leans heavily on the resources sector, and also in that debate over how to address climate change has divided politicians on what must be done.

“Of course we can only create a better stronger economy for everyone if we are fighting climate change at the same time,” Trudeau was reported as saying by the Financial Post.

“We know that, Canadians know that — we just haven’t reached that point of consensus … about the best way to do it.”

Trudeau wants a national policy framework to guide a reduction of emissions, a call that was echoed by Alberta opposition leader Rachel Notley after Teck Resources abandoned its Frontier oil-sands mining project in northern Alberta in February citing uncertainty on climate change legislation and taxes, as reported by the Edmonton City News.

Speaking at the conference, Trudeau said that Canada’s reliance on the resources sector meant that the right approach was necessary to deal with the challenges of climate change.

To read the full story on RenewEconomy’s electric vehicle dedicated sister site, The Driven, click here…

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