02:30:46 EDT Thu 25 Apr 2024
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Enbridge Inc
Symbol ENB
Shares Issued 929,112,973
Close 2016-05-16 C$ 52.14
Market Cap C$ 48,443,950,412
Recent Sedar Documents

Globe says Ontario's GHG plan surprises GM, others

2016-05-17 06:40 ET - In the News

See In the News (C-GMM) General Motors Company

The Globe and Mail reports in its Tuesday, May 17, edition that Ontario's energy and auto industries were surprised by the province's ambitious plan to slash greenhouse gases, warning that it will drive up home heating costs and that automakers will not produce enough electric cars to meet its targets. The Globe's Adrian Morrow and Greg Keenan write that environmentalists say the blueprint puts the province in the vanguard of the battle against climate change. The Liberal government's $7-billion Climate Change Action Plan, scheduled for release in June, promises to start phasing out natural gas for home heating. This will be done partly through incentives for owners of homes and buildings to install geothermal and solar heating, and partly by changes to the building code mandating that, by 2030, all new houses and small buildings be heated by something other than fossil fuels. The plan also promises hefty subsidies for electric vehicles, more charging stations and sets ambitious targets of raising the number of electric vehicles sold to 12 per cent of the total by 2025. At the moment, just 0.16 per cent of the vehicles on the road in Ontario are electric.

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