Start Date: 2024-11-23
End Date: 2024-11-29

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Government Funds Clean Tech Projects in British Columbia

The Canadian government announced $12.5 million in funding for six projects aimed at reducing emissions in British Columbia's heavy-emitting industries. Carbon Engineering ULC received $5 million for developing direct air capture systems, while Arca Climate Technologies Inc. and the University of British Columbia were also among the recipients. These initiatives are part of the Energy Innovation Program, focusing on advanced carbon management technologies and clean fuel sources. This funding is expected to support Canada's shift toward a low-carbon economy and boost the competitiveness of its industrial sectors.

Sources: ['Announcements: www.canada.ca', 'Announcements: www.canada.ca']