Canada to invest $82MM for more than 50 clean energy projects

Canadian Prime Minister Stephen Harper announced $82 million to fund more than 50 clean energy projects. These projects include carbon-capture technology, wind energy and electric cars, according to the Canadian Broadcasting Corporation. 

At least 15 projects will test various technologies and 40 will be research and development projects. Energy efficiency, bioenergy, transportation, clean energy, and unconventional oil and gas will be some of the research and development projects.

Companies from seven provinces and two territories will receive some of the funds from the ecoENERGY Innovation Initiative program. The CBC said the decision for the investment was made by Harper after he toured CO2 Solutions Inc. in Quebec City. CO2 Solutions specializes in technology used to capture carbon dioxide emissions. The company will use the funding to research more efficient ways to capture carbon dioxide from the oil sands in Alberta.

Canada is also waiting approval for the Keystone XL pipeline from the United States. According to the source, the pipeline will carry crude oil from Alberta through Nebraska and transport it to refineries on the Gulf Coast.


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