Research Money sat down with Leah Lawrence, the SDTC’s CEO and president, to ask her where clean technology in Canada is heading and what to expect as the country recovers from the COVID-19 pandemic.
Topic: fossil fuels
Critics say the plan to expand carbon-capture and storage will extend Canada’s dependence on fossil fuels.
A pan-Canadian oil and natural gas innovation network has yet to spend the bulk of $100 million of federal funding on commercializing new, cleaner technologies, two years after Ottawa announced the funding and seven months after a contribution agreement was signed. The Clean Resource Innovation Network, which aims to produce the world’s cleanest hydrocarbons, plans to announce details of its planned three technology competitions by end of March 2021.
The Canada Pension Plan Investment Board, which manages the CPP’s $420-billion portfolio, should immediately divest from all fossil fuel holdings in response to the climate emergency and to reduce financial risk for current and future CPP recipients, says the lead author of a Canadian Centre for Policy Alternatives report.