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Trudeau promises tax cut for green companies

Prime minister makes announcement at Burnaby tech company
Trudeau
Prime Minister Justin Trudeau made a campaign stop in Burnaby on Tuesday, Sept. 24.

Prime Minister Justin Trudeau promised a re-elected Liberal government would cut corporate taxes in half for clean tech companies with net-zero greenhouse gas emissions. 

He made the pledge Tuesday in Burnaby at Nano One, a company that makes materials for batteries used in electric vehicles and elsewhere.

Trudeau also promised to bring Canada to net zero carbon emissions by 2050, with legally enforced deadlines every five years. 

“We are living in a breathtaking, pivotal moment,” he said. “Citizens are coming to a major realization that the climate crisis is real and people are waking up.” 

He offered few details on how the country would meet that ambitious target, instead leaning on his government’s record over the last four years. 

“We have demonstrated concretely our leadership on climate change and we are going to continue to move forward,” Trudeau said.   

The Liberal leader made the announcement in Burnaby South, the riding currently represented by NDP Leader Jagmeet Singh. The New Democrats sent out a four-word press release in response to Trudeau’s pledge: “You. Bought. A. Pipeline.”

Trudeau dodged reporter questions asking for details on his emissions reduction pledge by repeatedly attacking the Conservatives, whom he painted as climate change deniers without a real plan. 

Burnaby South Conservative candidate Jay Shin responded in a press release, calling the Liberal plan “a lot of hot air.”

“The corporate subsidy proposed by Trudeau is ill-conceived,” he said in the statement. “The company in Burnaby Trudeau visited today, Nano One, won’t even be able to benefit from this proposed Liberal policy. Instead, this proposed Liberal policy will only benefit profitable corporations, will not spur start-up research on clean technology, and most importantly, will not achieve any reduction of emissions.”