March 14, 2025 04:50 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
In a setback for Donald Trump, US judge orders federal agencies to rehire fired workers: Report | 'We will thwart conspiracies hatched by Centre': Revanth Reddy on delimitation exercise | Chennai doctor, his wife along with two sons die by suicide due to huge debt: Cops | Amid language debate, Tamil Nadu drops rupee symbol in state budget | Scientist killed in assault by neighbour over parking argument in Mohali | British woman tourist raped in Delhi hotel by man she befriended on social media | Gold smuggling case: Court restrains media from publishing, telecasting defamatory statements against Ranya Rao | Trump warns Putin of 'devastating' financial impacts if Russia blocks Ukraine ceasefire | 'People are going to Russia right now as we speak: Donald Trump on Ukraine war ceasefire talks | Pakistani army claims to have freed all hostages in passenger train siege; 28 personnel killed

Canada: Ontario raises $1 billion for eco-friendly infrastructure projects to help fight climate change

| @indiablooms | Feb 19, 2018, at 03:53 am

Ottawa, Feb 18 (IBNS): Ontario has successfully issued the largest green bond in Canadian history by raising $1 billion for infrastructure projects in communities, hospitals, schools, public transit, roads and bridges across the province that will help reduce greenhouse gas emissions and fight climate change, media reports said.

“Ontario is proud to be a leader in environmental sustainability, as the first province in Canada to develop and issue Green Bonds. Promoting the largest Canadian green bond in the marketplace will raise $1 billion to fund and create more jobs, spur economic growth and combat climate change,” Charles Sousa, Ontario Minister of Finance was reported to state.

Proceeds from the bond will reportedly support seven projects: Eglinton Crosstown Light Rail Transit (LRT) in Toronto; GO Transit Whitby Rail Maintenance Facility; York Viva Bus Rapid Transit in York Region; Hurontario LRT in Mississauga and Brampton; Joseph Brant Hospital Redevelopment Project Phase 1 in Burlington; Seneca College King Campus Expansion in King City and Finch West LRT in Toronto.

“The proceeds from green bonds are helping Ontario expand people’s transportation choices, manage congestion, and build a modern, sustainable transportation network to ensure our province continues to grow and to prosper now and in the future,” Kathryn McGarry, Ontario Minister of Transportation was reported to state.

The quality of life for people of Ontario would reportedly be improved while also supporting the objectives of Ontario's Climate Change Action Plan, and help Ontario meet its target to reduce greenhouse gas pollution.

(Reporting by Asha Bajaj)

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.