Federal-Provincial Agreement Allows Newfoundlanders and Labradorians to Switch from Heating Homes with Oil to Heat Pumps and Other Electric Home Heating Systems

Source: Environment and Climate Change| · GOVERNMENT OF NEWFOUNDLAND · | February 23, 2024

Canadians know that climate change is costly – not just for the environment, but for their pocketbooks. They also know that we must prioritize affordability while fighting the worst possible impacts of climate change to ensure a strong economy and clean air for our communities.

Today, the Honourable Bernard Davis, Minister of Environment and Climate Change for the Government of Newfoundland and Labrador; and the Honourable Gudie Hutchings, Federal Minister of Rural Economic Development and Minister responsible for the Atlantic Canada Opportunities Agency, on behalf of the Honourable Steven Guilbeault, Minister of Environment and Climate Change, and the Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources; provided an update on federal-provincial investments for energy efficiency initiatives for Newfoundlanders and Labradorians.

The Government of Canada and the Government of Newfoundland and Labrador have already collaborated on several initiatives designed to help reduce greenhouse gas emissions and energy bills. Building on that momentum, today the federal and provincial governments announced a $24-million agreement through the Low Carbon Economy Fund to boost the Newfoundland and Labrador Oil to Electric Incentive Program. The funding announced today will help cover the average cost of a heat pump and enable the provincial Government to transition 3,000 homes to cleaner, more affordable heating options in the coming year.