Tuesday, November 18, 2008

The industry is hands-on


Canadian companies have spent $ 8.6 billion for environmental protection in 2006, according to data compiled by Statistics Canada. According to the agency, half of that sum was spent on waste management, sewerage services, decontamination sites and the fight against pollution. Following a historical trend observed in Canada, most of the costs of environmental protection used to eliminate pollutants once they were produced rather than avoid the produce at source, Statistics Canada. The Canadian industry has also paid particular attention to energy conservation. Nearly 2 billion dollars have been spent by the industries of the country in 2006 to develop or acquire technologies that increase energy efficiency or reduce fossil fuel consumption. Most companies have also made these investments in the form of operating expenses and capital. The oil companies have invested the most Of all the industries surveyed by Statistics Canada, companies extracting oil and gas in 2006 spent the most money, or $ 2.8 billion in environmental protection. Thus, for every $ 100 invested in this sector, $ 4 was spent on environmental protection, according to Statistics Canada. In terms of provinces, Alberta that the industry has spent the most money to provide infrastructure and equipment for environmental protection. The Ultramar refinery in Lévis In 2006, capital spending for environmental protection totaled $ 1.9 billion in Alberta. Then Ontario, with 827 million dollars, and Quebec, with 370 million. With regard to operating expenses, the Ontario businesses that were demarcated in 2006, devoting $ 1.5 billion on environmental measures. Alberta comes second with 1.3 billion dollars, followed by Quebec, whose companies have spent 726 million dollars of their operating budgets on environmental measures in 2006

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