Politics
Politics, Policy and Regulation of green tech in Canada

News Briefs

  • H2O Innovation subsidiary lands new deals in US +

    H2O Innovation Inc.’s operation and maintenance (O&M) services subsidiary Utility Partners LLC (UP) has renewed two contracts and extended the Read More
  • EDC offers new green bond +

    Export Development Canada’s (EDC) latest green bond has been priced. Set at $500 million with a 1.8 fixed rate, the Read More
  • Capital Power moving ahead with New Frontier Wind +

    After Capital Power Corp. inked an agreement to sell 87% of the electricity generated from the yet to be constructed Read More
  • General Fusion takes new step towards reactor design +

    Vancouver’s General Fusion has hired two industry veterans to help lead the company through the development of a proof-of-concept fusion Read More
  • Federal, Ontario governments take big step in reducing diesel reliance in FN communities +

    The $60 million in federal funding to connect the Pikangikum First Nation to Ontario’s electricity grid is a major step Read More
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Stock Market

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.