During last year’s election campaign, the Liberal Party of Canada pledged to increase investment in clean technology.
The goal was two-fold: investing in this sector would deliver real benefits to our environment, and it would create more job opportunities for middle-class Canadians.
I am very pleased to report that your federal government is following through on this commitment — and companies, right here in Oakville, are benefitting.
On March 4, the Minister of Innovation, Science and Economic Development, Navdeep Bains, announced a combined $7.1-million investment in three local firms: Terrestrial Energy, Pyrowave and ARDA Power.
These firms are leaders in their fields, developing advanced technologies in energy production, recycling, and energy storage.
The Government of Canada, through its investment in the Sustainable Development Technology Canada foundation, is supporting these Oakville firms in its efforts to bring their technologies to market.
I am proud that these innovative companies are located in our community and are developing technologies that will benefit our environment.
This multi-million-dollar investment will help position these firms to capture its share of the emerging global market for clean technology.
The announcement by Minister Bains included dozens of cleantech projects across Canada receiving more than $206 million in funding.
The government’s commitment to green technology research and development garnered praise and enthusiasm from high-ranking American officials in Washington last week.
This is a critical step towards real action on climate change.
Your new federal government has made good on a number of promises it made to Canadians during the election campaign, and I am pleased that our community is reaping some of the benefits.
As Oakville’s voice in Ottawa, I will pursue every opportunity to bring investment to Oakville and further develop our local industries and entrepreneurs.
– John Oliver