Government of Canada Takes Strides to Advance Decarbonization of Heavy-Emitting Industries in British Columbia
November 28, 2024, Ottawa, Ontario – The Government of Canada is committed to achieving its ambitious climate goals and supporting the transition to a low-carbon economy. Today, the Minister of Environment and Climate Change, the Honorable Steven Guilbeault, announced significant investments in British Columbia to advance the decarbonization of heavy-emitting industries.
British Columbia: A Hub for Industrial Decarbonization
British Columbia is home to a number of key industries that contribute significantly to Canada’s greenhouse gas emissions. The Port of Vancouver is the largest in Canada and one of the busiest in North America, supporting a diverse range of heavy industries, including refining, cement, natural gas, and mining.
Investing in Innovative Technologies
The Government of Canada is investing $250 million over five years to support the development and deployment of innovative technologies that will reduce emissions from heavy-emitting industries in British Columbia. This investment will fund projects that focus on:
- Carbon capture, utilization, and storage (CCUS)
- Hydrogen production and use
- Energy efficiency improvements
- Renewable energy integration
Partnering with Industry
The Government of Canada is working closely with industry partners to identify and support the most promising decarbonization technologies. The investments announced today will be matched by industry contributions, bringing the total investment to over $500 million.
“We are committed to working with industry to reduce emissions and create a more sustainable future for British Columbia and all of Canada,” said Minister Guilbeault. “These investments will help our partners develop and deploy innovative technologies that will make a real difference in the fight against climate change.”
Creating Jobs and Economic Growth
The Government of Canada believes that the transition to a low-carbon economy can be a driver of economic growth and job creation. The investments announced today are expected to create thousands of jobs in British Columbia, while also making our industries more competitive in the global marketplace.
Next Steps
The Government of Canada will continue to work with British Columbia and other provinces and territories to develop and implement effective climate policies. The investments announced today are a significant step forward in achieving Canada’s climate goals and building a more sustainable future for all Canadians.
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