Government of Canada

Government of Canada

May 19, 2009 15:00 ET

Natural Resources Canada: Harper Government Launches $1-Billion Clean Energy Fund, Invests in New Technology, Creates Jobs

REGINA, SASKATCHEWAN--(Marketwire - May 19, 2009) - Canada will further demonstrate its leadership in the development and advancement of clean energy technologies thanks to the $1-billion Clean Energy Fund, launched today by Mr. David Anderson, Member of Parliament for Cypress Hills - Grasslands and Parliamentary Secretary to the Minister of Natural Resources and for the Canadian Wheat Board, during an address in Regina.

"By investing in the Clean Energy Fund, our Government is encouraging new technologies now to help protect and preserve our environment for our future generations," said the Mr. Anderson. "Not only will this funding protect our long-term energy security, but this additional stimulus creates new high-quality jobs for Canadians, at a time when they're most needed."

The Fund invests $850 million for 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.

Mr. Anderson also announced that there will be a $150-million research component to the fund.

This component will fund initiatives ranging from basic research to pre-demonstration pilot projects of technologies ranging from next generation renewable and cleaner energy systems to new technologies to address environmental challenges in the oil sands such as water use and tailings.

An initial request for proposals for the small-scale demonstration component of the program was issued by the Government today.

In addition to advancing key clean energy technologies in Canada, investments through the Clean Energy Fund will also support Canada's work with the United States in building a cleaner energy economy for North America through the Canada-U.S. Clean Energy Dialogue.

Part of the Government of Canada's Economic Action Plan (2009), the Clean Energy Fund will generate new economic activity in the short term, while strengthening the foundation for sustainable prosperity in the future. The Economic Action Plan includes new measures totalling almost $2.4 billion to support a cleaner and more sustainable environment and help meet Canada's climate change objectives.

For more information on the calls for proposals and other relevant details, visit http://cef-fep.nrcan.gc.ca.

To learn more about Canada's Economic Action Plan, visit www.actionplan.gc.ca.

FOR BROADCAST USE:

The federal government is investing $1 billion to make Canada's economy greener. David Anderson has announced the creation of a new Clean Energy Fund to demonstrate and advance Canada's leadership in the development of clean energy technologies.

NRCan's news releases and backgrounders are available at www.nrcan.gc.ca/media.

Contact Information

  • Media may contact:
    Natural Resources Canada, Ottawa
    Office of the Minister
    Jasmine MacDonnell
    Director of Communications
    613-996-2007