Mining sector accelerator is latest beneficiary of Federal Liberals ‘net zero’ fund – by Gabriel Friedman (Financial Post – July 13, 2021)

https://financialpost.com/

The project is intended to accelerate the mining sector’s development of innovative and clean technology, according to a government source

Minister of Innovation, Science and Industry François-Philippe Champagne is expected on Tuesday to announce a $40-million contribution from the federal government for a new Mining Innovation Commercialization Accelerator Network, the Financial Post has learned.

The project is intended to accelerate the mining sector’s development of innovative and clean technology, according to a government source, who requested anonymity because the news was not yet public.

The project, to be administered through the Sudbury, Ont.-based Centre for Excellence in Mining Innovation, would be the latest in the past few weeks to receive funding from the federal government’s ‘net zero’ Strategic Innovation Fund, an $8-billion fund meant to help industry decarbonize over the next several years.

“The mining sector is critical to the Canadian economy as it supports well-paying jobs in communities across the country,” Champagne said in a press release obtained by the Financial Post. “Today’s announcement will help bridge the innovation-to-commercialization gap.”

For the rest of this article: https://financialpost.com/commodities/mining-sector-accelerator-is-latest-beneficiary-of-federal-liberals-net-zero-fund

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