June 25, 2008
Industry Spending on Reducing Greenhouse Gas Fell in 2004
By THE CANADIAN PRESS
OTTAWA - Statistics Canada says industry spending on greenhouse gas reduction dropped to $955 million in 2004 from $1.3 billion in 2002.
The agency says the drop was due mainly to completion of a number of major emission control projects in the oil and gas sector and in the electricity generation, transmission and distribution industries.
Overall, operating expenditures to cut emissions decreased 10 per cent to $576 million, while capital spending fell 41 per cent, to $379 million.
The reports says the biggest companies spent the most on pollution reduction in 2004, an average of $1.2 million per firm.
However, small firms employing 100 people or fewer, spent the largest proportion of their total environmental protection budgets on greenhouse gas reduction.