Government of Canada invests in clean technology ecosystems

Government of Canada invests in clean technology ecosystems

Funding will help collaboration to create jobs and scale back greenhouse gasoline emissions equal to eradicating 1.5 million automobiles from the highway

TORONTO, Oct. 22, 2020 /CNW/ – Canada’s oil and gasoline sector is a vital a part of Canada’s economic system, and staff within the sector have been considerably affected by the impacts of the COVID-19 pandemic. By working along with the sector, the federal government will help it rebound, create good jobs for staff and scale back its carbon footprint.

The Honourable Navdeep Bains, Minister of Innovation, Science and Business, joined by the Honourable Seamus O’Regan, Minister of Pure Sources, and the Honourable Jonathan Wilkinson, Minister of Atmosphere and Local weather Change, right this moment introduced an funding of $100 million over 4 years, supplied via the Strategic Innovation Fund (SIF), to assist the oil and gasoline sector develop, create jobs and vastly scale back its greenhouse gasoline emissions.

The funding will assist the Clean Resource Innovation Network (CRIN) speed up the event and adoption of progressive applied sciences and processes that search to decrease the oil and gasoline trade’s environmental impacts. By growing groundbreaking clear tech and emission-lowering options via collaboration, CRIN will help financial progress and create good, well-paying jobs, with cleaner vitality from supply to finish use because the consequence.

By way of this funding, CRIN goals to scale back the sector’s greenhouse gasoline emissions by 100 megatons by 2033. That is the equal of taking 1.5 million automobiles off the highway. As well as, by supporting co-op positions for post-secondary college students, work-integrated studying and abilities retraining, CRIN will assist develop the oil and gasoline sector’s extremely expert workforce of the longer term.

This challenge helps the Authorities of Canada’s Innovation and Skills Plan by constructing a extremely expert workforce and advancing analysis in new foundational expertise—a key element for future financial progress and innovation. It additionally helps the federal government’s plan to succeed in net-zero emissions by 2050.

Quotes

“The Authorities of Canada is dedicated to serving to deliver collectively Canada’s analysis experience and companies which might be in search of to grab progress alternatives and deal with challenges via the event, demonstration and adoption of progressive applied sciences and processes. This funding within the Clear Useful resource Innovation Community demonstrates how we’re collaborating with our vitality sector to develop the economic system and create jobs, whereas vastly lowering emissions.”
– The Honourable Navdeep Bains, Minister of Innovation, Science and Business

Canada is main in groundbreaking clear tech options. Investments like this, working with our oil and gasoline sector, are vitally essential to our restoration from the COVID-19 pandemic. That is how we get to net-zero emissions by 2050.”
– The Honourable Seamus O’Regan, Minister of Pure Sources

Canada is present process a transition to a low-carbon and clean-growth economic system. Working with trade and the Clear Useful resource Innovation Community is a vital a part of our plan to scale back emissions, speed up clear progress, create jobs, and attain our net-zero climate-change dedication by 2050. This strategic funding will allow emission reductions equal to eradicating 1.5 million automobiles from the highway for a yr and can help the creation of excellent jobs in Alberta and throughout Canada.”
– The Honourable Jonathan Wilkinson, Minister of Atmosphere and Local weather Change

“The Canadian oil and pure gasoline trade is the biggest funder of fresh expertise, and this funding is a transparent recognition of the thrilling innovation that’s occurring within the vitality sector. The federal authorities’s help will advance the event of fresh expertise, and CRIN might be an essential community to assist allow the transformation to a low-carbon vitality future for the long run. That is about lowering our greenhouse gasoline footprint and growing applied sciences that may be transferable to different sectors in Canada and different producers globally.”  
Pleasure Romero, President, Clear Useful resource Innovation Community, and Vice President, Know-how and Innovation, Canadian Pure Sources Restricted

“The Indian Useful resource Council Inc. [IRC] is happy to be a part of the steering committee for CRIN. The IRC has been an integral a part of the trade, advocating for accountable First Nations vitality improvement since 1987. The IRC has witnessed first-hand that CRIN has a profitable mannequin for bringing collectively leaders from specialised backgrounds; these embody the manager management of enormous worldwide firms, the technicians of small mom-and-pop outlets and all these in between. CRIN has stepped as much as reply the requires motion for technological developments in our vitality trade to satisfy the vitality calls for of the longer term. We’re excited to see the a number of companions working collectively on this area and the alternatives it can create sooner or later. Canada is a pacesetter in rules and expertise, and we must be happy with our partnerships with First Nation communities, together with these on the desk like our First Nations members that make up the Indian Useful resource Council Inc. We proceed this work in partnership with progressive organizations like CRIN and look ahead to our continued relationship in answering these rising calls for for vitality in a accountable method.”
Stephen Buffalo, President and CEO, Indian Useful resource Council Inc.

“Immediately’s announcement is yet one more step ahead in making Canada a worldwide chief in producing clear vitality. BDC appears to be like ahead to persevering with its work with CRIN to help Canadian SMEs that spur innovation and develop groundbreaking applied sciences which might be making a tangible influence on our surroundings. This funding helps help R&D and commercialization and it contributes to the expansion and growth of Canadian companies, which additional strengthens our economic system.”
Michael Denham, President & CEO, Enterprise Improvement Financial institution of Canada 

“Canadian oil and gasoline firms had been launch clients for GHGSat’s international methane monitoring providers. I consider CRIN can act as an identical launch pad into international markets for Canada’s clear tech ventures.”
Stephane Germain, President, GHGSat

“The College of Alberta is proud to associate with Canada’s vitality sector and, specifically, Alberta’s oil and gasoline trade. As Canada’s top-ranked vitality college, we’ve the researchers and sources wanted to help vitality evolution by tackling present issues and advancing the tempo of innovation. Due to the Strategic Innovation Fund’s funding in CRIN, we’ll proceed to work with companions to make sure that Canada is a worldwide chief in clear applied sciences. This partnership may even present our college students with much more alternatives for coaching and mentorship as they put together to hitch the workforce.”
Invoice Flanagan, President and Vice-Chancellor, College of Alberta

“In two years, CRIN has introduced collectively almost 1,700 members from many sectors with a concentrate on accelerating the deployment and commercialization of fresh applied sciences in Canada’s oil and gasoline trade. By connecting members from supply to finish use, CRIN is creating the situations to broaden Canada’s clear tech capabilities and improve our sector’s environmental efficiency and competitiveness. The Authorities of Canada’s dedication to CRIN demonstrates that rising Canada’s vitality and clear tech sectors are important to serving to Canada have a robust economic system whereas reaching its local weather commitments.”
– Mark Little, President and Chief Government Officer, Suncor, and Chair, CRIN’s Senior Leaders Discussion board

Fast info

  • The Clear Useful resource Innovation Community (CRIN) is a consortium of firms of all sizes, innovators, not-for-profit organizations, authorities departments and companies, researchers, educational establishments, and financial improvement companies. It includes most of the greatest analysis and improvement buyers within the nation, together with Canada’s main oil and gasoline producers and associations. Since its inception, it has attracted almost 1,700 members throughout eight provinces in addition to numerous worldwide areas.
  • This $100-million funding in CRIN to help analysis and improvement tasks that advance the environmental and financial efficiency of the oil and gasoline sector was set out in Budget 2019.
  • The contribution is being made via the Strategic Innovation Fund (SIF), a program designed to draw and help high-quality enterprise investments throughout all sectors of the economic system. The funding is a part of SIF’s help for community and collaboration tasks (Stream 5). SIF helps nationwide innovation ecosystems, pan-Canadian network-led tasks that contain a excessive diploma of collaboration to stimulate innovation and commercialization in areas of Canadian benefit and improve linkages between companies and academia/analysis our bodies.
  • CRIN will use the SIF funding to manage requires challenge functions in seven expertise focus areas for actions associated to ecosystem progress, enhancement and long-term sustainability. These expertise focus areas have the very best potential for lowering the greenhouse gasoline emissions and environmental footprint of the oil and gasoline sector, serving to advance net-zero emissions targets. At the least half of this funding will go to small and medium-sized companies.
  • Along with the Strategic Innovation Fund, there are lots of of packages and providers to assist companies innovate, create jobs and develop Canada’s economic system. With its easy, story-based consumer interface, the Innovation Canada platform can match companies with probably the most becoming packages and providers in about two minutes.

Related hyperlinks

Comply with Innovation, Science and Financial Improvement Canada on Twitter: @ISED_CA

SOURCE Innovation, Science and Financial Improvement Canada

For additional info: John Energy, Press Secretary, Workplace of the Minister of Innovation, Science and Business, 343-550-1456, [email protected]; Media Relations, Innovation, Science and Financial Improvement Canada, 343-291-1777, [email protected]

Associated Hyperlinks

http://www.ic.gc.ca/eic/site/icgc.nsf/eng/home


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