About: http://data.cimple.eu/news-article/59eff41df3a08f02c8cdb8b94995f7d1d79fae171f8a320fad54b73b

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About: http://data.cimple.eu/news-article/59eff41df3a08f02c8cdb8b94995f7d1d79fae171f8a320fad54b73b Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Canada announced a plan Monday to help its largest companies hit hard by the coronavirus pandemic -- but tied loans and financial aid to its climate goals. Tens of millions of dollars will be available for companies with annual revenues of more than Can$300 million (US$215 million), to mitigate lockdowns caused by the outbreak, Finance Minister Bill Morneau said. He told a news conference the cash would "make sure that companies that came into this crisis on a strong footing, get to the other side, and can rebound quickly." "Companies that receive this funding will be required to commit to future climate disclosures, and environmental sustainability goals," Morneau added. Canada relies on a patchwork of carbon taxes and cap-and-trade systems to help reach its Paris Agreement target of reducing CO2 emissions by 30 percent from 2005 levels by 2030. Details of the corporate loans and grants program are to be released over the coming days. Conditions will include strict limits on executive bonuses, share buybacks and dividends. Banks and companies convicted of tax evasion will not be eligible for the Large Employer Emergency Financing Facility. Morneau cited airlines as an example of companies that might tap into the emergency funding, saying large firms "provide jobs for millions of Canadians." Last month, Ottawa announced Can$1.7 billion to help the oil sector, struggling with low prices, survive the downturn by cleaning up environmental messes. The funds are to go specifically to clean up "orphaned" wells, abandoned by defunct firms, that may be contaminating groundwater and leaking greenhouse gases. The government also announced in April a new Can$750 million fund to help energy companies cut methane emissions under new, stricter environmental regulations. amc/ft
schema:headline	Canada ties coronavirus help to climate goals
schema:mentions	Methane emissions Bill Morneau Emissions trading Finance minister Tax evasion Paris Agreement Greenhouse gas Ottawa Canada Pandemic Coronavirus Groundwater pollution American Motors Corporation Carbon dioxide equivalent Energy industry
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-05-11 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	80 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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