Cleantech investments in Canada on the rise

    Deloitte and Ogilvy Renault LLP survey reveals that interest from the
    investor community is helping to drive industry growth

    TORONTO, Oct. 19 /CNW/ - A new survey by Deloitte and Ogilvy Renault LLP
on the Cleantech sector reveals that Canadian investors are seeing strong
growth potential in clean technologies. Investment opportunities in Canada are
on the rise, and 71 percent of investors state that Cleantech investments are
contributing to the diversity and importance of their portfolios.
    "Interest in this space has gained significant momentum over the past
year. We anticipate that this is just the beginning of significant
opportunities to come for those investors who have the foresight to see the
possibilities in Cleantech," says Maneesh Mehta, national leader of Deloitte's
Cleantech practice.
    "Climate change is a key business issue today," says Rick Sutin, Ogilvy
Renault Senior Partner and Co-Chair of the firm's Cleantech Practice. "Public
and corporate attention to global warming is growing, and so is the demand to
find solutions. Cleantech companies help provide these innovations, and
Canadian investors are now looking for opportunities in this sector."
    The Deloitte and Ogilvy Renault survey asked members of the Canadian
investment community to describe their participation in, and expectations for
the Cleantech sector. The majority of respondents were venture capitalists,
with private equity and other investors also taking part. Highlights from the
survey include:

    -   The investment community is increasingly aware of and interested in
        the Cleantech sector
    -   Investors see strong growth potential in Cleantech
    -   Renewable energy and biofuels are attracting the most interest in the
        short term
    -   Typical early growth stage characteristics of the sector are
        restraining investment

    A detailed summary of survey results is available at both

    About Ogilvy Renault

    Ogilvy Renault LLP is a full-service law firm with close to 450 lawyers,
patent and trade-mark agents practising in the areas of business, litigation,
intellectual property, and employment and labour. Ogilvy Renault has offices
in Montréal, Ottawa, Québec, Toronto, and London (England), and serves some of
the largest and most successful corporations in Canada and in more than 120
countries worldwide. The firm was awarded the Client Choice Award among all
Canadian law firms by International Law Office in 2006. Find out more at

    About Deloitte

    Deloitte, one of Canada's leading professional services firms, provides
audit, tax, consulting, and financial advisory services through more than
6,800 people in 51 offices. Deloitte operates in Québec as Samson
Bélair/Deloitte & Touche s.e.n.c.r.l. The firm is dedicated to helping its
clients and its people excel. Deloitte is the Canadian member firm of Deloitte
Touche Tohmatsu.
    Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss
Verein, its member firms, and their respective subsidiaries and affiliates. As
a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its
member firms has any liability for each other's acts or omissions. Each of the
member firms is a separate and independent legal entity operating under the
names "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu," or other
related names. Services are provided by the member firms or their subsidiaries
or affiliates and not by the Deloitte Touche Tohmatsu Verein.

For further information:

For further information: or comments from Deloitte or Ogilvy Renault,
please contact: Fabrice de Dongo, Media Relations Manager, (416) 874-3249,; Peter Zvanitajs, Senior Advisor - Media Relations, (416)

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