The Cross-Border Biotech Blog

Biotechnology, Health and Business in Canada, the United States and Worldwide

Canada’s Clean Energy Fund Gets Some Details Detailed

The new Canadian federal $1-billion Clean Energy Fund announced in January’s budget will be spent over five years, according to Natural Resources Minister Lisa Raitt who spoke about the Fund on Tuesday:

  • $650 million will be for carbon capture and storage projects;
  • $200 million will be for smaller renewable and alternative energy demonstration projects; and
  • the remaining $150 million will be for R&D for new types of renewable and clean energy, plus technology to deal with tailings ponds and water use in the oilsands.

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