Loblaw is Canada’s largest food retailer. (iStock)

Largest food retailer gets funding for climate action

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The Canadian government will invest up to $12 million to help the Loblaw supermarket chain retrofit refrigeration systems to reduce greenhouse gas emissions. The project will involve about 370 stores across Canada and will help reduce annual emissions by about 23 per cent, according to a government statement.

The corporation itself is said to be investing up to $36 million.

Gasoline prices have gone up in four provinces and will increase in three territories as part of Canada’s plan to reduce greenhouse gas emissions. (iStock)

Canada allocates $450 million for Low Carbon Economy Fund

The funding comes from the government’s Low Carbon Economy Fund. The fund, valued at $450 million, supports projects that the government says “reduce carbon pollution, save money, and create good jobs in a clean economy.”

The government’s climate plan include phasing out coal power, building public transit, and introducing a price on carbon. The latter has been controversial. The government gave provinces and territories time to come up with their own way to put a price on carbon. Four provinces and three territories either did not, or their plans were deemed insufficient so the federal government imposed a carbon tax in those jurisdictions. The provinces are challenging the move.

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6 comments on “Largest food retailer gets funding for climate action
  1. Not the best way for the Canadian government to show support towards business when there are so many small to medium sized businesses across Canada in desperate need of funding which can in fact help build a stronger economy and create jobs.

  2. Avatar Anne Oncescu says:

    So my tax dollars are going to a corporation that makes huge profits? So annoyed how this government is spending our money!

  3. Avatar paul taylor says:

    Excellent because Loblaws and Sobeys for years (Sobeys since the 2010s ) have been changing from F Gases with High GHG potentials to R744 or CO2. CO2 has huge energy efficiencies and heat recovery properties that can heat an entire Supermarket.

  4. Avatar sv says:

    Doesn’t make sense why Govt. investing in Loblaws, Govt. should invest in country’s growth, higher employment, citizens have benefits in reduction in taxes, paying of debt.

    Govt. knows how to waste tax payers money.

  5. Avatar Susan Dalrymple says:

    I strongly oppose the tax payer funding upgrades for private industry. I also cannot see how this would “create good jobs” in a clean economy. If they are purchasing the refrigeration systems from a Canadian manufacture, then maybe, but there is a good chance that they will purchased from an overseas manufacture, creating jobs there, not here.

    If the government wants to fund retrofits, let them support home owning tax payers, not corporations.