Canadian Budget Includes Money For Cleantech

Jan 28 2009 | 9:06am ET

The federal budget presented by Canadian Finance Minister Jim Flaherty on Tuesday includes support for clean energy, although the details remain sketchy and the effort falls short of U.S. President Barack Obama's more ambitious cleantech plans.
The government said it would establish a Clean Energy Fund to support research development and demonstration projects, including carbon capture and storage (CCS). It did not say how much money would be put into the fund. The budget also includes accelerated write-offs for companies investing in CCS technology.

CCS is a major part of Ottawa's effort to reduce greenhouse gas emissions by 20% by 2020 as the country also intends to expand production from carbon-intensive oil sands projects and the use of coal-fired electricity.

The Conservative government's budget also promised a $1-billion green infrastructure fund, including transmission lines to connect renewable energy projects, and $350 million over two years for Atomic Energy Canada Ltd, the federal Crown corporation developing a new generation of Candu reactor.

Flaherty did not extend the government's ecoEnergy renewable energy program that provides grants for wind, small hydro and other clean energy projects. The program is due to expire next year.

The opposition Liberals are expected to demand changes before voting to approve the budget.


In Depth

Will Liquid Alts’ Performance Sustain Future Asset Flows?

Aug 25 2014 | 10:34am ET

Liquid alternative investment funds saw the highest percentage of capital inflows...

Lifestyle

Och Funds Women In Finance Initiative At U-M

Aug 28 2014 | 3:01pm ET

Och-Ziff Capital founder Daniel Och and his wife have made a "generous donation"...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

July/August 2014 Cover

The time was right

Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.