trending Market Intelligence /marketintelligence/en/news-insights/trending/ulifbstwx1vecxmsnaspaq2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Quebec budget to boost use of electric vehicles, LNG

Q2: U.S. Solar and Wind Power by the Numbers

Essential Energy Insights - September 17, 2020

Essential Energy Insights September 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August


Quebec budget to boost use of electric vehicles, LNG

Quebec has earmarked C$260 million over the next five years to boost the use of electric vehicles and develop low-emitting energy sources.

The province also set aside C$36.5 million for projects to bring natural gas and LNG to communities beyond the reach of the existing pipeline grid in its fiscal 2018-2019 budget, which was introduced March 27. The fiscal plan allocates funds to boost forestry biomass projects, develop its hydrogen-fuel sector and encourage development of other biofuels.

Quebec is one of the largest North American producers of hydroelectric power through government owned Hydro-Québec. Its abundance of low-cost hydro resources has encouraged the province to lure high energy-consumption businesses such as data centers and to explore electric vehicle use. Énergir, the natural gas utility owner that was formerly Gaz Metro LP, been working on LNG projects to reduce reliance on more polluting fuels in remote areas of the province.

The budget "affirms that natural gas will play an increasingly important role in supporting the economic development and competitiveness of Québec companies," Énergir said in a March 27 statement. "As such, the [C]$36.5-million envelope will help support the realization of new projects that aim to serve natural gas in various regions, particularly in Montérégie, Estrie and Chaudière-Appalaches."

Like other Canadian provinces, Quebec is subject to federal guidelines that require steep reductions in greenhouse gas emissions by 2030. The province already takes part in a cap-and-trade scheme with California and neighboring Ontario. The current budget anticipates no deficit and sets aside cash to reduce the province's debt. Minister of Finance Carlos Leitao said the government plans to use its economic advantage for future development.

"Quebec is positioning itself as a leader in clean energy production and sustainable development," Leitao said in a government statement. "We must take advantage of the favorable economic and fiscal situation to pick up the pace by relying on the strength and advantages of our hydroelectricity while exploring and developing promising niches, such as the hydrogen and biofuel sectors."