B.C. CEOs, investors urge fed creation of $500 mln clean-tech fund
Fifty B.C.-based CEOs and investment professionals have sent a letter to Prime Minister Justin Trudeau urging the creation of a first ever Canadian clean-tech strategy. The letter said Ottawa has "a unique opportunity" to turn Canada into a global clean-tech leader by adopting several key initiatives. They include a $500 million fund that would back up to 20 clean-tech venture capital funds, and help leverage up to $3 billion in total capital. Other proposals include a $1 billion clean-tech loan guarantee program available to early-stage projects; and a federal tax system review to ensure clean-tech companies have access to the same benefits as resource companies.
29 February 2016•8 mins read
