Calgary, Alberta, January 25, 2012 – The Harper Government is showing its commitment to a green Canadian economy with a $22 million investment to help eight new clean technology projects from across the country reach commercialization. The announcement was made today by the Honourable Joe Oliver, Minister of Natural Resources, and Vicky Sharpe, President and CEO, Sustainable Development Technology Canada (SDTC).
“Our Government is committed to supporting clean technology in Canada as an effective measure to reduce greenhouse gas emissions and create high-quality jobs for Canadians,” said Minister Oliver. “The projects announced today demonstrate our leadership in driving clean technology innovation to help create viable new industries for Canada’s economy.”
“The projects receiving funding today show just how possible it is to bring environmental interests together with economic pursuits,” said SDTC Chair Juergen Puetter. “Green technology truly can be a driver of our economy going forward.”
The eight innovative clean technologies involve many of Canada’s main economic sectors. Some highlights of this round include:
- Technology designed to meet a growing demand for quieter, safer, more environmentally-friendly and more efficient vehicles in a variety of sectors.
- Tools that will allow for better and more reliable inspection of Canada’s pipelines – either water or oil-and-gas – and prevent catastrophic leaks.
- A novel energy storage system using compressed air to keep energy stored under water.
- The last step in a world-wide roll-out of a technology that promises to harness the power of major rivers that could complement conventional hydro power technology.
- Building materials that will reduce the amount of energy expended during all phases of a building’s life – from when the building is in use to when components of it end up in the landfill.
SDTC’s SD Tech Fund™ has completed 19 funding rounds, committing $560 million to 228 clean technology projects. These figures include adjustments made to the portfolio.
“SDTC is proud to announce these projects, each one proof that innovation and environment together can help propel the Canadian economy,” said Vicky Sharpe, SDTC President and CEO. “Through our support of clean technologies like these, SDTC is exploring ways to promote a more environmentally-friendly economy.”
The newly funded projects are representative of the investment priorities established in the SD Business Cases™, a series of six reports published by SDTC and which provide strategic insights into specific economic sectors (available in the Knowledge Centre section of the SDTC website at http://www.sdtc.ca/).
SDTC is an arm’s-length foundation created by the Government of Canada as part of the Government’s commitment to create a healthy environment and a high quality of life for all Canadians.
SDTC operates two funds aimed at the development and demonstration of innovative technological solutions. The $590 million SD Tech Fund™ supports projects that address climate change, air quality, clean water, and clean soil. The $500 million NextGen Biofuels Fund™ supports the establishment of first-of-kind large demonstration-scale facilities for the production of next-generation renewable fuels.
SDTC operates as a not-for-profit corporation and has been working with the public and private sector including industry, academia, non-governmental organizations (NGOs), the financial community and all levels of government to achieve this mandate.
Detailed information on the eight projects, including their descriptions, can be found online at http://www.sdtc.ca/.
For more information, please contact:
Tel: (613) 234-6313 x295
Director of Communications
Office of the Minister
Natural Resources Canada