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French President Emmanuel Macron announced a new $43 billion plan to spur industrialization in the country, which included promises to increase the production of smaller nuclear reactors and to become a global leader in green hydrogen by 2030.
In addition to the promises of two large-scale factories for the production of green hydrogen, Macron vowed to develop a low-carbon airplane and to significantly increase the production of electric vehicles.
“We must wage the battle of innovation and industrialization at the same time,” he told a group of entrepreneurs and students on Tuesday. “We need a country that produces more.”
The funds for the plan’s execution come from the $144 billion recovery plan announced last year to support France through the COVID-19 pandemic, a significant portion of which was earmarked for greener energy policies.
Many believe Tuesday’s announcement was a glimpse into the platform Macron will adopt during his re-election campaign next year. Macron is widely expected to seek re-election during France’s next federal election in April, but he is not expected to officially launch his campaign until next year. France24 has more details.
Environmental activists in the U.S. are describing the Canadian government’s deployment of a 1977 pipeline treaty in an effort to reopen Enbridge’s Line 5 as “an audacious, misguided and misleading gambit.”
Oil & Water Don’t Mix, a coalition of Michigan environmental and Indigenous groups, organized a petition with over 33,000 signatories that urges President Joe Biden to support Michigan Gov. Gretchen Whitmer in her legal battle to shut down Line 5. The petition will be circulated among U.S. lawmakers this week.
“This fight is not really about Enbridge’s fuel,” said Sean McBrearty, the co-ordinator for Oil & Water Don’t Mix. “This fight is about Michigan’s water.” The Canadian Press has the latest in this saga.
Australia’s New South Wales state announced on Wednesday that it is offering $3 billion in incentives to lure hydrogen projects to the nation’s biggest coal-emitting state. Reuters has that story.
Meanwhile, India is the latest country to face an energy crisis, as the nation’s coal supplies are running critically low and government officials are warning of the possibility of widespread blackouts. The Guardian has more.
Google Cloud announced the release of a new feature that tells consumers the carbon footprint associated with their cloud usage. Reuters also has that story.
On Wednesday morning at 9:56 a.m., West Texas Intermediate was trading at US$79.65 and Brent Crude was going for US$82.63.
Earlier this week, Canada became one of the latest signatories of the Global Methane Pledge, an international initiative to cut methane emissions as part of the fight against climate change. Experts are praising the move, but warn that a significant amount of work remains in the battle to slash methane emissions.
“(It’s) important to demonstrate internationally that Canada is taking significant action on methane,” said Michael Bernstein, executive director of the non-profit Canadians for Clean Prosperity. “Hopefully by being part of that coalition [Canada] will be able to catalyze other countries to take further action.” iPolitics has more on this story.
Winnipeg’s city council is considering a trio of motions that would bring increased focus and funding to the city’s active transportation infrastructure, which Councillor Matt Allard believes is a fundamental component of fighting climate change. CBC News has the latest from Manitoba.
Dr. Kathy Lewis, a professor at the University of Northern British Columbia, was given the Canadian Forestry Scientific Achievement Award by the Canadian Institute of Forestry last week. Lewis was recognized for her local contributions to forestry in Prince George. The Prince George Citizen has more.
Finally, Erdene Resource Development, a Halifax-based mining company, announced the closure of a private placement offering of shares on the Mongolia Stock Exchange. The Chronicle Herald breaks down the decision.
Canadian Crude Index was trading at US$65.59 and Western Canadian Select was going for US$66.34 this morning at 9:57 a.m.