Feds invests $100M in clean technology ecosystems
by CM Staff
Investment will help to reduce greenhouse gas emissions equivalent to removing 1.5 million cars from the road
TORONTO — On Oct. 22, the government of Canada announced an investment of $100 million over four years, provided through the Strategic Innovation Fund (SIF) in an effort to reduce greenhouse gas emissions.
“The Government of Canada is committed to helping bring together Canada’s research expertise and businesses that are seeking to seize growth opportunities and address challenges through the development, demonstration and adoption of innovative technologies and processes,” said Navdeep Bains, Minister of Innovation, Science and Industry, in a prepared statement. “This investment in the Clean Resource Innovation Network demonstrates how we are collaborating with our energy sector to grow the economy and create jobs, while greatly reducing emissions.”
The investment will help the Clean Resource Innovation Network (CRIN) accelerate the development and adoption of technologies and processes that seek to lower the oil and gas industry’s environmental impacts.
Through this investment, CRIN aims to reduce the sector’s greenhouse gas emissions by 100 megatons by 2033. This is the equivalent of taking 1.5 million cars off the road. In addition, by supporting co-op positions for post-secondary students, work-integrated learning and skills retraining, CRIN will help develop the oil and gas sector’s highly skilled workforce of the future.
