Live news: Montreal to ban most natural gas heating, cooking in new buildings
Montreal will ban gas-powered systems in new construction starting next fall, with some notable exceptions.
The new regulation, adopted by the city’s executive committee this morning, will apply to new, small buildings — up to three storeys and 600 square metres in area — as of Oct. 1, 2024, and larger buildings starting six months later.
Examples of soon-to-be prohibited systems include residential gas-powered stoves, indoor gas fireplaces, hot water heaters and furnaces that emit greenhouse gases and barbecues and pool or spa heaters that draw from gas lines.
The city says exceptions include emergency generators, commercial stoves in restaurants, gas-powered barbecues with removable tanks and temporary heating devices used during construction work.
Industrial buildings are also exempt, as are combustion heaters in larger buildings that draw only from renewable sources of gas.
Montreal says the measure will help it reach its goal of becoming carbon neutral by 2050, noting buildings account for one fourth of greenhouse gas emissions in the city.
Gains in industrials and battery metals helped lift Canada’s main stock index higher in mid-morning trading, while U.S. markets were mixed.
The S&P/TSX composite index was up 73.41 points at 19,059.90.
In New York, the Dow Jones industrial average was up 68.19 points at 33,211.16. The S&P 500 index was down 31.79 points at 4,215.89, while the Nasdaq composite was down 195.41 points at 12,944.47.
The Canadian dollar traded for 72.59 cents U.S. compared with 72.83 cents U.S. on Tuesday.
The December crude oil contract was down 13 cents at US$83.61 per barrel and the December natural gas contract was up four cents at US$3.86 per mmBTU.
The December gold contract was down 50 cents at
Read more on financialpost.com
