Newswire
With one of the world’s most comprehensive and detailed climate plans, a wealth of natural resources, and a skilled workforce, Canada is establishing itself as a global supplier of choice for clean energy in a net-zero world. Governments worldwide are looking for reliable, affordable, non-emitting forms of energy, and it is in this context that like-minded nations must come together to ensure a future that is sustainable both economically and environmentally.
Today, the Honourable Jonathan Wilkinson, Minister of Natural Resources, announced that approximately 60 projects have been selected to receive funding under the Government of Canada’s $1.5-billion Clean Fuels Fund (CFF). These projects represent a first tranche of the highest-ranking applications from last year’s call for proposals and have a total combined value of more than $3.8 billion. They include production facilities, as well as feasibility and front-end engineering and design studies, spanning seven jurisdictions and covering five different fuel types.
The federal government is undertaking negotiations to finalize the terms of funding for each project, and the total federal investment in these projects will be up to $800 million. This funding will help project proponents address critical barriers to growth in the domestic clean fuels market and lays the groundwork for the low-carbon fuels of the future.
A second tranche of projects, from last year’s call for proposal, is currently being reviewed, with funding decisions expected to be finalized in December. Once successful applicants have been informed, Natural Resources Canada will start contribution agreement negotiations.
Canada’s clean fuels industry is rapidly growing, owing to the global demand to reduce greenhouse gas emissions and bolster energy security. The importance of continued investment into the production, development and distribution of clean fuels together with their infrastructure and technology is clear, as Canada strives to position itself as a global leader with investments such as the CFF.
At today’s announcement, Minister Wilkinson also highlighted a combined investment of more than $8.8 million to six organizations for 10 hydrogen and natural gas refuelling stations to help accelerate the decarbonization of road transportation. Federal funding for these projects was provided through Natural Resources Canada’s Zero-Emission Vehicle Infrastructure Program (ZEVIP) and the Electric Vehicle and Alternative Fuel Infrastructure Deployment (EVAFIDI).
Today’s announcement is one of a series of significant steps the government continues to take to support sustainable jobs and protect the environment. Minister Wilkinson will continue to work with all partners to establish Canada as the global supplier of choice for clean energy in a net-zero world — ensuring a prosperous and clean future for Canadians from coast to coast to coast.
“Today’s significant investments will bolster Canadian competitiveness in the clean fuels space at a time of rising global demand. These projects help create sustainable jobs and grow the economy, all while lowering emissions and protecting the environment.”
The Honourable Jonathan Wilkinson
Minister of Natural Resources
SOURCE Natural Resources Canada
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