The cement Port-Daniel-Gascons, Gaspesie, already funded with half a billion dollars of public funds could still receive more money from the government Couillard.
The Minister of Natural Resources, Pierre Arcand, hinted Wednesday that the expensive project could receive money from the Green Fund.
This controversial project, which will create the largest emitter of greenhouse gases (GHG) in Quebec, Cement McInnis, would be eligible for funding from the Green Fund is investing in greener technology. This proposed $ 1 billion is already funded at $ 450 million by the state.
Currently, it is anticipated that the petroleum coke and coal will be the main fuel for the cement. Later, after a break-in period, the company plans to use biomass from logging residues.
“Our desire is that the proposed Cement McInnis is a green project, with less use of oil and coal”, said the Minister of Natural Resources, Pierre Arcand, in a press briefing at the end of the meeting of the Liberal caucus Wednesday morning.
“There is the possibility of eventually have natural gas, biomass, and in a future world, there are carbon capture opportunities. ”
However, in the short term, the most practical solution would be the use of natural gas, Mr. Arcand has said, while referring to the $ 3.8 million in Quebec in the Bourque project, a company deposit Petrolia located in the Gaspé.
The minister suggested that the government was pressuring Cement McInnis to reduce its carbon footprint, in line with greenhouse gas reduction targets (GHG) emissions in Quebec and the commitments made by Canada at the last UN Conference climate change in Paris.
The Green Fund to the rescue?
“We will do whatever is necessary for the cement plant in Port-Daniel obviously emit the least greenhouse gases to be,” said the minister.
By doing this, so do not rule out the possibility of injecting more public money into adventure through the Green Fund. “In terms of energy efficiency, green Fund can certainly serve,” Mr. Arcand said.
Recall that the Green Fund was established by the government with the revenue from the carbon exchange. It is used to finance greenhouse gas reduction projects and more generally “sustainable development measures, including on strategic issues related to the fight against climate change, waste management and water management “can be read on the green Fund website.
This is not the first time McInnis Cement finds himself in the hot seat. The project was announced with great fanfare by the Marois government in 2014 and soon after coming to power, the Liberals had questioned then confirm.
The project funding half from public funds or from Investissement Québec and the Caisse de dépôt et placement.
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