Canada’s Minister of Environment and Climate Change Steven Guilbeault announced the re-investment of up to $2.2 million of recycled industrial pollution pricing revenues to fund a major new emissions reduction project at the St Marys Cement plant in St. Marys, Ontario.
With this funding, St Marys Cement, which is part of the Votorantim Cimentos group, will install new cement kiln infrastructure that uses lower-carbon fuels to replace up to 30% of the high-carbon fuels required for the manufacturing process. The innovative technology will cut over 39,900 tonnes of greenhouse gas emissions in 2030.
As members of Canada’s Net Zero Challenge, St Marys Cement is implementing its plan to transition its facilities and operations to achieve net-zero emissions by 2050.
“Pollution pricing works. We are holding heavy industry accountable for their pollution, re-investing those revenues into projects that create good jobs and cut pollution,” said Guilbeault. “The re-investment of up to $2.2 million of industrial pollution pricing revenues to St Marys Cement is just one example of how we have a plan that is building a cleaner, more sustainable future for all generations. This project not only benefits the community of St. Marys, Ontario, but helps build a more sustainable future for many generations of Canadians to come.”
Canada’s industrial pollution pricing system, called the Output-Based Pricing System, imposes an emissions performance standard for each heavy industrial sector, in which companies whose emissions exceed the standard must pay, while those who perform well earn credits to sell.
