Federal government announces investment support for potash industry in Saskatchewan. globalnews.ca

On Friday, Foreign Minister Mélanie Joly visited the Mosaic potash mine in Belle Plaine, Sask. To highlight how important it is Industry Is for the country.

A $600 million federal investment package in the form of tax incentives was announced.

“We know this is very important to the people of Saskatchewan. So I’m here touring this mine and making sure people know that the Canadian government is supporting them, and we want to invest more in this facility here,” said Minister Joly.

“We are here to meet the people who work at Mosaic to highlight how important the potash industry is to Canada. We want to make sure that we empower the workers here, and they know they can count on us.

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Minister Joly said the government is working toward creating more jobs as it moves Canada’s economy toward net zero by 2050.

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“We are creating a supply chain to ensure that across the country, every single person can benefit from the jobs created,” he said.

Marnell Jones, Mosaic’s director of government and public affairs for Canada, said Minister Joly’s visit allowed Mosaic to share updates about the potash market.

“I think the federal government recognizes how important potash is to the world and to Canada,” Jones said. “We are considering all options to ensure we can remain competitive in the world market and pursue the clean energy transition.”

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