The Canadian government has pledged to invest CAD$2.2bn ($an additional C$380 million) 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.
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.