Prime Minister Justin Trudeau went to Algoma’s Sault Ste. Marie steelworks Monday to announce the funding, which includes $200 million from a federal fund to cut greenhouse-gas emissions and a $220-million loan from the Canada Infrastructure Bank. (The Logic)
Talking point: New electric-arc furnaces don’t need coal as an input for steelmaking the way Algoma’s current blast furnaces do, a change Trudeau’s announcement said will cut the company’s emissions by more than three million metric tonnes a year by 2030. That’s a small but noticeable part of Canada’s Paris Agreement commitment to reduce national emissions from 815 million tonnes to 511 million tonnes by then; of that cut, 46 million tonnes are to come from heavy industry. The project will also pave the way for 500 construction jobs in a Northern Ontario riding the Liberals won in a three-way fight with the Conservatives and NDP in 2019, and which the Tories hold provincially.