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ARTICLE · 04 APRIL 2016

2016 Federal Budget: Highlights For The Energy Sector

Aird & Berlis LLP
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The Liberal government tabled its first budget on March 22, 2016. While primarily focused on strengthening the middle class, the Budget contains a number of initiatives directed at the energy sector.

CanadaEnergy and Natural Resources
Zoë Thoms
Zoë Thoms
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The Liberal government tabled its first budget on March 22, 2016. While primarily focused on strengthening the middle class, the Budget contains a number of initiatives directed at the energy sector.

Investing in Clean Technology

The Budget includes an investment of $1 billion over four years to support clean technology, including in the forestry, fisheries, mining, energy and agricultural sectors. The Budget does not contain specifics as to how that investment will be allocated. That will be revealed in the coming months as part of the implementation of an Innovation Agenda.

The Budget sets out investments in clean technology R&D including:

  • $50 million over four years to Sustainable Development Technology Canada for projects that address climate change, air quality, clean water and clean soil.

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