Gas industry teams up with SDTC to launch $30M cleantech fund
Not-for-profit organization will work with Canadian Gas Association to fund natural gas-based projects
OTTAWA—The federal government is teaming up with a natural gas industry association to launch a fund that will support new clean technologies in the industry.
Announced by Natural Resources Minister Joe Oliver in Ottawa, the government is working with federally-funded not-for-profit Sustainable Development Technology Canada (SDTC) and the Canadian Gas Association (CGA) to create the SD Natural Gas Fund.
The fund would be financed by CGA members through the association’s Energy Technology Innovation Canada Initiative to match contributions from SDTC’s SD Tech Fund up to a combined $30-million over three years to fund a variety of residential, commercial and industrial projects.
“This commitment supports our government’s top (priorities): creating jobs, growth and long-term prosperity,” Oliver said in a statement. “We are proud to play a role in developing the SD Natural Gas Fund, which will drive new clean technologies that build our economy and protect the environment.”
The SD Natural Gas Fund would be open for applications twice a year to a host of natural gas-based projects that improve energy efficiency, including natural gas engine and renewable natural gas technologies.
“This first-of-its-kind funding partnership between SDTC and the private sector will help support the commercialization of innovative technologies for natural gas,” SDTC president and CEO Vicky Sharpe said.
“Investments and partnerships such as this demonstrate leadership in driving a vibrant clean technology industry in Canada. The creation of the SD Natural Gas Fund is an exciting and important first step.”