Government of Alberta invests in emissions reducing projects from small and medium businesses
Alberta’s government says it is investing $44 million in an effort to help 21 small and medium businesses reduce emissions and lower energy costs.
Government officials say the funding is designed to help these businesses get projects off the ground, including new technology to help power generation, agriculture, forestry, oil and gas, fertilizer, construction, electricity and other sectors. It will be delivered through the Emissions Reduction Alberta’s Emerging Innovators Challenge.
“We are giving Alberta’s small and medium businesses the funding they need to launch their innovation-driven technologies faster and grow their startups to create jobs, save money and lower emissions here at home and around the world,” says Rebecca Shulz, Minister of Environment and Protected Areas.
If successful, government officials say the 21 projects are projected to create more than 875 jobs and contribute $238 million to Alberta’s GDP by 2027. The technology used in each of these projects is expected to reduce 206,000 tonnes of emissions per year, 1.2 million tonnes by 2030, and 5 million tonnes by 2050.