Natural Resources Canada
Canada is taking action to build a stronger, more secure and competitive economy to become a clean and conventional energy superpower.
Today, at the Energy NL Conference & Exhibition in St. John's, the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, on behalf of the Honourable Tim Hodgson, Minister of Energy and Natural Resources, announced more than $4.5 million in funding for four energy projects in Newfoundland and Labrador.
- Newfoundland and Labrador Hydro is receiving over $2.6 million to identify and implement energy-saving opportunities for industrial facilities in communities served by diesel plants.
- Tacora Resources Inc. is receiving $141,500 to implement an ISO 50001-compliant energy management system at the company's Scully Mine in Wabush.
- Aker Solutions Canada Inc. is receiving $1.2 million to assess the technical, economic and regulatory feasibility of a marine-based carbon dioxide transport and offshore storage solution.
- Angler Solutions Inc. is receiving $497,200 to assess the potential for developing a regional carbon capture and storage hub in Newfoundland and Labrador's offshore capable of sequestering CO₂ from onshore Canadian and potentially international sources.
These investments will help businesses on the east coast improve productivity, strengthen competitiveness, create jobs and seize new opportunities across Newfoundland and Labrador's energy sector.
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