It’s widely recognized that Canada is pretty darned good at the research and development of innovations, including those in clean technology arena, but fails when it comes commercializing cleantech. Budget 2017 is attempting to fix what Canada doesn’t do well with both money and new approaches.
The federal government remains committed to innovation in the clean technology arena believing that it can not only reduce greenhouse gas emissions and act as a key plank to its climate action plans but also create jobs and grow the economy. Budget 2017 includes a number of measures aimed at encouraging more innovation in the cleantech area, while offering resources to get products and services to market.
Reducing Indigenous, rural and remote communities’ reliance on diesel fuel for electricity and heating is getting more money from the federal government. Budget 2017 is allocating approximately $640 million for these efforts.
A multi-stage field testing program of Calgary-based Acceleware Ltd.’s low-cost, low-carbon enhanced oil recovery technology (EOR) RF XL has completed the first phase of testing. The results showed that the company’s technology can be used in Alberta’s oil sands.
First Nations communities plan to parlay recent funding announcements from the federal government in clean energy into even more opportunities. The Indigenous Clean Energy (ICE) Network hopes to take the $715 million allocated to clean energy for Indigenous communities from Budget 2017 to support greater activity.