The Canadian government has pledged to invest CAD$2.2bn ($1.7bn) in clean energy technology over the next five years. Starting from the beginning of the fiscal year on 1 April, the government has indicated that it will also begin to phase out federal subsidies for hydrocarbon exploration and development. The funding includes Business Development Bank of Canada provided through the federal CAD$1.4bn and Export Development Canada.
The Canadian government has pledged to invest CAD$2.2bn ($1.7bn) in clean energy technology over the next five years. Starting from the beginning of the fiscal year on 1 April, the government has indicated that it will also begin to phase out federal subsidies for hydrocarbon exploration and development. The funding includes CAD$1.4bn provided through the federal Business Development Bank of Canada and Export Development Canada.