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Ballard Power Systems Inc
Symbol BLDP
Shares Issued 258,788,291
Close 2020-11-16 C$ 22.30
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Globe says Ballard hears Quebec gets serious about ZEVs

2020-11-17 08:30 ET - In the News

The Globe and Mail reports in its Tuesday edition that Quebec Premier Francois Legault just issued the latest wake-up call to his counterparts across the country, concerning how seriously they take the transition to a low-carbon economy. The Globe's Adam Radwanski writes that within his own province, Mr. Legault's announcement on Monday of his government's green plan -- highlighted by a commitment to ban sales of new gasoline-powered passenger vehicles by 2035 -- got a mixed reaction from climate advocates. To environmental groups such as Equiterre, the promised $6.7-billion in government spending over the next five years (primarily to speed the transition to zero-emission vehicles, or ZEVs) is too unambitious to meet the province's target of reducing total greenhouse gas output 37.5 per cent from 1990 levels by 2030. Mr. Radwanski writes that almost anywhere else in Canada, this announcement would have qualified as revolutionary. Other than in British Columbia, no current provincial government is taking anywhere near this degree of responsibility in the fight against climate change. Quebec wants to scale up its existing ZEV mandate, which requires a growing share of vehicles sold to be electric.

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