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Critical Minerals, Hydrogen Lead Ottawa’s Low-Carbon Industry Strategy
Critical mineral infrastructure and hydrogen production are two of the centrepieces of a new industrial strategy for natural resources unveiled in late June by Canada's Natural Resources Minister Jonathan Wilkinson.
Titled the Regional Energy and Resource Tables, the strategy launched this month in British Columbia, Manitoba, and Newfoundland and Labrador, and will extend across the country by early next year, Bloomberg Green reports.
“It’s being a little bit more thoughtful about economic strategy,” Wilkinson told the news agency. “It’s about actually pulling together the kinds of resources, and looking at the kinds of processes that typically prohibit rapid movement towards securing those opportunities.”
Bloomberg says the strategy is meant primarily to accelerate each region’s shift off fossil fuels, while engaging Indigenous groups and industry to deliver quick results. Funding sources include C$3.8 billion for critical minerals in the latest federal budget, $1.5 billion for clean fuels, and $8 billion in Ottawa’s Net Zero Accelerator.
The focus of the initiative will vary by province and region, Wilkinson said.
Find out more: https://www.theenergymix.com/2022/06/23/critical-minerals-hydrogen-lead-ottawas-...
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