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Tories to spend $300M on renewable energy
Series of initiatives very similar to proposals in Liberals' so-called Green Budget of 2005
Last Updated: Thursday, January 18, 2007 | 7:31 PM ET

CBC News
The Tory federal government will announce Friday that it plans to spend $300 million over the next four years for renewable energy projects, one of a number of environmental initiatives that are very similar to Liberal proposals, CBC News has learned.

Called the Eco Energy Renewable Power Initiative, it will provide money for new projects in wind, solar, tidal, geothermal and biomass energy.

It is expected to generate 4,000 megawatts of renewable energy � enough electricity for about 1.5 million homes or four times the amount of renewable energy Canada has right now.

On Sunday, the government will also unveil a new version of the Energuide program � a project that involved giving homeowners money to improve their energy consumption and the energy efficiency of their homes.

Last spring, the Conservatives cancelled the Energuide project, saying it was inefficient. In the 2005 budget, the Liberals were planning to continue and greatly expand the Energuide program, spending $225 million for energy improvements in 500,000 homes until 2010.

The Tories' version of the Energuide program is expected to be a bit different than the Liberal plan. For example, sources tell CBC News that the government will not pay for the final audit of the home, which the Liberal program did.

But essentially the new version will be very similar to the former Energuide program.

http://www.cbc.ca/canada/story/2007/01/18/environment-announcements.html

[khyber]