Loblaw to receive $12 million in federal funds for climate action

Canada's largest grocer looks to reduce annual carbon emissions by 23%

To help it reduce carbon emissions, the federal government is giving Loblaw Companies Limited $12 million to retrofit refrigeration systems in approximately 370 stores over the next three years.

The money will come from the government's Low Carbon Economy Fund, which is valued at $450 million and aims to "reduce carbon pollution, save money, and create good jobs in a clean economy," according to a press release. The government says the funding will help Canada's largest grocer reduce its annual emissions by approximately 23%.

"By investing in these projects, from coast to coast to coast, the Government of Canada is making sure we are positioned to succeed in the $26 trillion global market for clean solutions and to create good middle class jobs today and for the future," said Minister of Environment and Climate Change Catherine McKenna, in a release.

Critics quickly turned to social media following the announcement Monday to question the government's decision to hand millions in funding to a large, financially lucrative company. In its most recent quarter, the company earned a profit $221 million.

Others criticized the government for giving money to a company that was involved in Canada's 16-year-long bread price-fixing conspiracy.



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