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Harper Government has Launched $1-Billion Clean Energy Fund, Invests in New Technology, Creates Jobs

by Maximillian on 30/06/09 at 11:31 am

Canada will further demonstrate its leadership in the development and advancement of clean energy technologies thanks to the launch of the $1-billion Clean Energy Fund, announced in May by the Honourable Lisa Raitt, Minister of Natural Resources, during an address to the University of Alberta.

“By investing in the Clean Energy Fund, our Government is encouraging new technologies now to help protect and preserve our environment for future generations,” said the Honourable Lisa Raitt, Minister of Natural Resources. “Not only will this funding protect our long-term energy security, but this additional stimulus creates high-quality jobs for Canadians at a time when they’re most needed.”

The Fund invests $850 million in technology development and demonstration. This includes $650 million for large-scale carbon capture and storage (CCS) demonstration projects and $200 million for smaller-scale demonstration projects of renewable and alternative energy technologies.

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