On April 19, 2021, the Government of Canada released its
federal 2021 budget titled "A Recovery Plan for Jobs, Growth
and Resilience" (Budget 2021).
Throughout Budget 2021, the Deputy Prime Minister and Minister
of Finance describes the Government of Canada's intention to
make Canada's COVID-19 recovery a "green recovery"
that will foster a "new, sustainable economy." To that
end, Budget 2021 commits $17.6 billion in what may be considered as
"green stimulus measures" for Canada's traditional
industries, including its natural resources, manufacturing and
energy sectors.
This article is an overview of the commitments made and
legislative amendments expressed in Budget 2021 that will be of
interest to Canada's energy sector. For ease of reference, all
headings below mirror those used in Budget 2021, which can be
accessed in full here.
