Canada Slates $880M for Clean Energy Fund

Johnnny

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Jun 8, 2007
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Canada Slates $880M for Clean Energy Fund · Environmental Leader · Green Business, Sustainable Business, and Green Strategy News for Corporate Sustainability Executives
The Canadian government has announced details of the C$1-billion (approximately $882 million) Clean Energy Fund, which will go to the development and advancement of clean energy technologies including carbon capture and storage (CSS) projects

Lisa Raitt, Minister of Natural Resources, during an address to the University of Alberta, said the fund invests C$850 million (approximately $750 million) in technology development and demonstration. This includes C$650 million (approximately $575.0 million) for large-scale CCS demonstration projects and C$200 million (approximately $177 million) for smaller-scale demonstration projects for renewable and alternative energy technologies.