Mining companies with TSM now eligible for federal funding
June 5, 2015 - Mining companies that are pursuing energy management best practices to increase energy efficiency and reduce greenhouse gas (GHG) emissions through the Towards Sustainable Mining (TSM) initiative can now qualify for funding through the Canadian Industry Program for Energy Conservation (CIPEC), a division of Natural Resources Canada (NRCan).
By Renée Francoeur
The CIPEC funding will be available for mining companies that are pursuing Levels A, AA or AAA in the TSM Energy Use and Greenhouse Gas (GHG) Emissions Management Protocol. Qualified mines can receive funds for up to 50% of costs, to a maximum of $40,000.
“This is a significant endorsement of the TSM initiative and powerful recognition of the program’s effectiveness in improving energy management practices at Canadian mining operations,” said Pierre Gratton, president and CEO of the Mining Association of Canada (MAC).
The TSM initiative is designed to improve industry’s operational performance in key environmental and social areas and goes beyond regulatory obligations, MAC stated. Mining facilities report on their performance against six protocols, including energy management, and reported results are externally verified by a third-party. Facilities must also set and meet targets for their energy use and GHG emissions performance.
TSM is a mandatory program for MAC members, and the Mining Association of British Columbia and the Quebec Mining Association are currently working on implementing TSM for their members, according to MAC.