Projects receiving funding will try to enable the shift to more affordable, lower-carbon fuels in high-emitting sectors such as biomass collection, transportation and processing.
This additional working capital follows the company’s recent announcement of an investment of $8.4 million, totalling $11.1 million of capital infusion in the last 30 days.
Canada’s best strategy for now is to take a “wait and see” approach publicly, while avoiding any threats of retaliation, said Fen Hampson, an international affairs professor at Carleton University.