15:55:13 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Parkland Corp
Symbol PKI
Shares Issued 175,984,626
Close 2023-11-16 C$ 43.84
Market Cap C$ 7,715,166,004
Recent Sedar Documents

Globe/CP say Parkland gets federal help on EV stations

2023-11-17 08:36 ET - In the News

The Globe and Mail reports in its Friday edition that more electric-vehicle charging stations are on the way as the Canada Infrastructure Bank says it has signed a second funding deal to expand fast-charging options. A Canadian Press dispatch to The Globe says that the Crown corporation will provide up to $210-million in loans to help Parkland expand its charging network by upward of 2,000 fast-charging ports at as many as 400 sites. It is the CIB's second major funding announcement for charging stations, after it provided a $220-million loan in April to FLO Inc. to help it build more than 2,000 fast-charging ports across Canada by 2027. The charging investments come as the feds work toward a mandate of full EV sales by 2035. Road transport emissions make up about 18 per cent of Canada's total greenhouse gas emissions. Ehren Cory, chief executive officer of the CIB, says the funding will speed up the rollout of fast chargers. He says companies are already expanding charging options, but it is important that the pace increase. "The challenge is that if we are going to drive accelerated, widespread EV adoption, we need to reduce range anxiety by getting more high-speed chargers deployed faster," said Mr. Cory.

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