MONTREAL, March 1, 2019 /CNW Telbec/ - The Inlandsis Fund is proud to announce the appointment of David Heurtel as a member of its Board of Directors. According to Louis Roquet, Chair of the Inlandsis Board of Directors, "By joining the Fund's Board, David Heurtel will be able to share his vast experience in the transition of the energy sector. I am confident that he will provide a point of view and insight that will contribute to the Inlandsis Fund's positioning and growth."
A career and a history of public engagement that speak for themselves
David Heurtel currently holds the position of counsel in the Environment, Energy and Climate Change Group at Fasken. He previously served as Quebec's Minister of Sustainable Development, Environment and the Fight against Climate Change from 2014 to 2017.
In that role, he took the lead in modernizing the Environment Quality Act (EQA) and adopting the Water Withdrawal and Protection Regulation (WWPR). He also spearheaded the Politique de protection des sols et de réhabilitation des terrains contaminés and the 2017–2021 action plan under that policy, the first policy adopted for protecting soil and rehabilitating contaminated land in over 20 years.
A global and specific understanding of the issues
Internationally, he represented Quebec during the Conference of the Parties in Lima (COP 20), Paris (COP 21) and Marrakech (COP 22). He also led a mission to the western United States and Mexico in connection with the implementation of the Quebec-California carbon market. In addition, he was recently appointed to the Board of Directors of Écotech Québec, the cleantech industry cluster.
David Moffat, CEO of the Fund, stated, "His detailed understanding of everything that companies have to do to transform their practices to meet the recent legislative provisions and address issues regarding the social acceptability of projects and the application of the Quebec Cap-and-Trade System for Greenhouse Gas Emissions Allowances make him a major asset to us."
Financial innovation to accelerate change
Created in 2017 by Fondaction and Coop Carbone, the Inlandsis Fund is a Quebec fund that offers creative financing for GHG reduction projects through carbon offsets by harnessing carbon markets, primarily in Quebec and California. The fund aims to build market awareness of climate change and support the application of concrete technology solutions. Its growing portfolio includes over 20 projects in Alberta and linked California and Quebec carbon markets.
Capitalized by Fondaction, a labour-sponsored fund of more than $2 billion based in Montreal, Inlandsis provides businesses with various project financing structures whose return on invested capital is based on the carbon credits generated by these projects.
For further information: David Moffat, CEO, Inlandsis Fund, 250-580-1317, [email protected]