A principle of Canadian parliamentary democracy is that a contract made by one government will be honored by the next government, said Conservative candidate Sonny Spina.
Content of the article
Sault Ste. Marie’s Conservative candidate Sonny Spina said a Conservative government has pledged to follow through on $ 420 million pledged to help Algoma Steel modernize and reduce greenhouse gas emissions.
Content of the article
“We are committed to following through on this, 100%,” he told The Sault Star.
The project will be supported up to $ 200 million from the Strategic Innovation Fund (SIF) of Innovation, Science and Economic Development Canada and up to an additional $ 200 million from the Canada Infrastructure Bank.
In July, Prime Minister Justin Trudeau was in Sault Ste. Marie announcing up to $ 420 million in federal funding to phase out coal-fired steelmaking processes and transform steelmaker into electric arc furnace steelmaking.
Combined with Ontario’s low-carbon energy, Algoma Steel says it will position itself as the “greenest” flat-rolled steel producer in Canada and among the greenest in North America.
A principle of Canadian parliamentary democracy is that a contract made by one government will be honored by the next government, Spina said. The Conservative Party confirms that it will continue the project to convert Algoma Steel to environmentally friendly arc furnace technology that will reduce the plant’s emissions by nearly 70%.
Spina said he had met with the executive of United Steelworkers Local 2251 to also present a plan that would help steelworkers displaced as a result of the modernization.
Spina said the Conservatives would double the Apprenticeship Job Creation Tax Credit over the next three years to help create more apprentice spaces and invest $ 250 million over the next two years to create the Canada Training Fund for Employment. This fund will provide grants to organizations for projects that give laid-off workers access to training, including traditionally unrepresented groups.
He said the Conservatives would also create a Canada Training Loan for Workers to provide low-interest loans of up to $ 10,000 to those who wish to upgrade their skills to prepare for future jobs.
Spina said the Conservatives will honor the terms of the contract signed by the previous government and conduct a review in close collaboration with unions and the Government of Canada.
The review is designed to determine the medium and long term job losses that could result from the project and what can be done to prepare and support workers if they lose their jobs, he said.