Canada ties corporate coronavirus relief to climate action

On 18 May Canadian Prime Minister Justin Trudeau announced a new programme of corporate relief designed to help companies that are struggling during the COVID-19 coronavirus pandemic.

The new programme will provide bridge loans of up to $60 million and guarantees of up to $80 million for companies earning more than $300 million in annual revenue. Companies that receive the loans, however, have to abide by a set of rules that include restricting executive bonuses and investing in climate action.  More here