Canada Economic Development

Canada Economic Development

March 11, 2010 10:00 ET

Government of Canada Funds International Promotion of World Energy Congress-Montreal 2010

MONTREAL, QUEBEC--(Marketwire - March 11, 2010) - The Honourable Denis Lebel, Minister of State for Canada Economic Development, announces the awarding of $500,000 in funding for the international promotion of the 21st World Energy Congress – Montréal 2010. Considered the largest global event of its kind, the Congress is expected to draw more than 3,500 key decision-makers from all over the world representing industry, governments, organizations and associations operating in the field of energy and the university sector. This year's edition will take place at the Palais des congrès de Montréal from September 12 to 16. 

Granted through Canada Economic Development's Business and Regional Growth program, this non-repayable contribution will be used to fund a variety of international promotional activities, including production of multilingual documents, participation in international meetings and advertising placement. This 21st congress will be an opportunity for participants to examine a wide range of global energy challenges, among them the management of rising energy demand, the establishment of clean and efficient urban infrastructure and the environmental impact of energy production. 

Minister of State Lebel said he is delighted that Quebec's largest city has been selected to host this important meeting, a decision that will serve to bolster Montréal's reputation as a leading technology hub in the energy sector. "This World Energy Congress will help showcase the exceptional expertise Quebec and the rest of Canada have acquired in a field that faces rigorous challenges. With delegates from some 100 countries in attendance, the event promises to be a prime springboard for opening up new business opportunities to Quebec firms and raising the visibility of the Canadian energy industry as a whole. Moreover, it will generate more than $30 million in spinoffs for the local economy, including nearly 20,000 guest-nights in the city's lodging," he explained.

Through its economic action plan adopted in January 2009, the Government of Canada established the Clean Energy Fund, an initiative under which $150 million will be invested in clean energy research and $850 million in the demonstration of promising technologies. To qualify for the Fund, projects must be seen to contribute to the wider-scale deployment of renewable energy and clean energy technologies. 

For more on Canada's Economic Action Plan, visit www.actionplan.gc.ca.

Canada Economic Development is online at www.dec-ced.gc.ca. Subscribe to the Agency's press releases at http://www.dec-ced.gc.ca/eng/media-room/mailing-list/list.html to keep up with the latest news.

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