With financial support from the federal government, Loblaw Co. Ltd. has committed up to $36 million to convert the refrigeration systems in some 370 stores to reduce carbon emissions. The work will be carried out between 2019 and 2022 and is expected to reduce Loblaw’s emissions by about 23 per cent.
On April 8 Catherine McKenna, Minister of Environment and Climate Change, announced that Ottawa would contribute up to $12 million, subject to a funding agreement, to support the conversion. The money is being made available through the “Champions” stream of Ottawa’s $450 million Low Carbon Economy Challenge. The Challenge, part of the Low Carbon Economy Fund, made its first funding announcement in January to Enwave Energy, for a project to use cold Lake Ontario water to cool hospitals and other government buildings.
Asked about the funding, McKenna told Global News that “Loblaw was one of the 50 winners through the competitive process. Why? Because they can get the most significant emission reductions.” She said Loblaw’s refrigeration conversion project will be equivalent to taking 50,000 vehicles off the road annually.
Image: Government of Canada