Government of Canada Continues Efforts to Build a Clean Tech Economy through Budget 2017
Apr 06, 2017, 12:37 ET
OTTAWA, April 6, 2017 /CNW/ - The Government of Canada continues to strive to be a global leader in clean technology by positioning Canada at the leading edge of innovation and ensuring that Canadians are able to access the jobs of the future.
Canada's Minister of Natural Resources, the Honourable Jim Carr, today highlighted Budget 2017's investments in the clean technology sector while visiting one of Carleton University's research facilities. Budget 2017 proposes nearly $1.4 billion in new financing be made available, on a cash basis, to help clean technology firms grow and expand.
Natural Resources Canada has worked with Carleton University to measure emissions from flaring that will help provide the information needed to reduce emissions from the oil and gas sector that contribute to climate change.
Budget 2017 takes further action to boost the growth of Canada's clean technology sector by providing financing that innovative companies need in order to grow: supporting research, development, demonstration and adoption of clean technologies; enhancing collaboration; and establishing new ways of measuring success.
Budget 2017 also takes important steps to support the Pan-Canadian Framework on Clean Growth and Climate Change. Addressing climate change and protecting our environment represent an opportunity to support inclusive and sustainable economic growth and create good, middle-class jobs.
"Canada has an opportunity to create a world-leading clean tech economy. Budget 2017 proposes actions to reduce greenhouse gas emissions, help Canada adapt and build resilience to climate change and support clean technologies. We are also helping companies connect to global markets, take an innovative and collaborative approach to solving modern challenges, and get what they need to grow."
Canada's Minister of Natural Resources
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SOURCE Natural Resources Canada
For further information: Alexandre Deslongchamps, Press Secretary, Office of the Minister of Natural Resources, 343-292-6837; Media Relations, Natural Resources Canada, Ottawa, 343-292-6100
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