B.C. government lays out $260-million, five-year plan to move away from fossil fuels
VANCOUVER — BC Hydro and the provincial government have announced a new five-year plan for the Crown corporation that provides incentives for people to switch from fossil fuels to electricity to power their homes, businesses and vehicles.
Under the plan announced Tuesday, BC Hydro will spend nearly $190 million to promote fuel switching in homes, buildings, vehicles and industry.
More than $50 million will be spent to attract industries to B.C. to run their businesses and reduce their carbon footprint by using hydroelectricity.
Bruce Ralston, the province’s minister of energy, mines and low carbon innovation, called the plan “ambitious” and said it could lead to lower rates for BC Hydro customers, potentially by about 1.6 per cent by 2026.