Canada investing additional $184 million ecoEnergy Innovation Initiative
May 28, 2012 - Today at Peel Region’s 8th annual Energy Matters Summit, minister of natural resources Joe Oliver emphasized the importance of energy to ensuring Canada’s continued economic growth and environmental responsibility, and announced the Government of Canada is investing an additional $184 million in the ecoEnergy Innovation Initiative.
By Anthony Capkun
This brings the total for the initiative to $281 million over five years to help advance energy innovation, reduce greenhouse gas emissions and create jobs across Canada.
“Investments in energy efficiency and energy technologies ensure that we balance our need for energy with our need to protect the environment,” said Oliver. “We believe there exists a tremendous opportunity to collaborate with industry and academia to advance innovative energy technologies and energy efficiency on a broader scale.”
The summit is organized by the Region of Peel in partnership with the Independent Electricity System Operator (IESO) and the Toronto and Region Conservation Authority. This year’s theme is “Building Partnerships for a Sustainable Energy Future” with a focus on energy efficiency in buildings, integrated community energy solutions and smart grid electricity systems.
“The opportunities for improved energy efficiency across all sectors of the economy are enormous,” continued Oliver. “When Canadians invest in energy efficiency, jobs are created in manufacturing, distribution, sales, design and installation industries across the country.”
File photo of Joe Oliver (March 2012) courtesy NRCan.