Politics
Politics, Policy and Regulation of green tech in Canada

News Briefs

  • Northland Power acquires DeBu offshore wind project +

    Northland Power has completed the acquisition of the Deutsche Bucht (DeBu) offshore wind project from Highland Group Holdings Ltd. The Read More
  • New shore power system operational in Montreal +

    The City of Montreal is now able to reduce greenhouse gas emissions from cruise ships docked at the Alexandra Pier Read More
  • BioAmber to take full control of Sarnia plant +

    BioAmber Inc. has inked an agreement to purchase Mitsui & Co Ltd.'s minority stake in its Sarnia joint venture. The Read More
  • OCGC names new chief executive +

    The board of directors at the Ontario Capital Growth Corp. (OCGC) has appointed Steve Romanyshyn as its new president and Read More
  • Boralex closes financing for France wind farm +

    Boralex Inc. has closed a $67.9 million financing for the 30 MW Chemin de Grès wind farm in France. The Read More
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Western Economic Diversification Canada (WD) is receiving an additional $25 million to support research, development and innovation for firms in the region.  

 

The announcement was made at Loop Energy Inc.’s headquarters in Burnaby BC earlier this week by Navdeep Bains, minister of Innovation, Science and Economic Development and the minister responsible for WD. 

"There is no one-size-fits-all approach to diversifying the economy as each region has their own unique advantages. By providing departments like Western Economic Diversification Canada with the tools and funding to do their job, we are working towards building a stronger, more innovative and inclusive economy,” said Bains. 

WD will continue to support communities, businesses, and First Nations by identifying opportunities to invest in innovative and emerging industries. This will diversify the western economy, improve the quality of life of Western Canadians, and create the well-paying jobs of today and tomorrow.

As part of a new approach to economic development through innovation, regional development agencies across the country, including WD, will be focused on strengthening innovation capacity by:

  • supporting small and medium-sized businesses that want to adopt new technologies and boost their innovation capacity;
  • nominating 50 firms across the country to participate in a federal program that will help them grow nationally and internationally;
  • investing $100 million annually across the country in clean technology; and
  • supporting a total of 250 Indigenous projects as they develop and diversify their economies.