Blog

Natural Resources Canada is advancing national climate adaptation efforts with $4.1 million in funding for two projects under the Climate-Resilient Coastal Communities (CRCC) Program.

Major damage or loss of your business due to a natural disaster such as fire, flood or extreme weather can occur without warning and disrupt your business or shut down your operations completely. As a business owner, therefore, it is crucial that you anticipate a worst-case scenario and be prepared should the unexpected occur.

Canada’s climate plan is working: 2023 greenhouse gas emissions dropped to 694 megatonnes—the lowest in 27 years (excluding pandemic years). This progress, equivalent to taking 1.8 million cars off the road, reflects a 34% reduction in emission intensity since 2005, driven by key initiatives like phasing out coal-fired electricity.

As a home or business insurance policyholder, you need to deal with more than just property damage in the aftermath of a fire. Smoke damage as well as water damage caused by firefighting efforts must also be addressed.

The recent atmospheric river in southern British Columbia caused over $110 million in insured damage and widespread destruction, highlighting gaps in Canada’s flood insurance availability. With 10% of Canadian households unable to access flood insurance, uninsured families face financial uncertainty.

Portable space heaters are convenient and popular appliances used to heat homes and businesses when temperatures drop, but they can also pose serious safety hazards. The fire risks associated with space heaters may not always be known or evident. For example, only some heaters exhibit visibly glowing heating elements, so it is easy to forget that they can, nevertheless, reach highly dangerous temperatures that can cause burns and fires.

The Canadian government has introduced four new refundable investment tax credits (ITCs) to boost the clean economy and attract investment in clean energy projects. These ITCs include the Clean Technology ITC, Clean Technology Manufacturing ITC, Clean Hydrogen ITC, and the Carbon Capture, Utilization and Storage ITC, providing up to 60% credit for eligible investments made through 2040.