Trudeau Announces Money To Strengthening Canada’s Clean Economy

$222 investment goes to Quebec firm that produces minerals for electric cars

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The federal government said on Tuesday it will invest $222 million to help a Quebec company increase production of critical minerals for goods such as electric cars and batteries.

The partnership will support technological innovations that represent a first step towards reducing greenhouse gas emissions from RTFT’s titanium dioxide, steel and metal powders business by up to 70%. It will also progress initiatives to diversify RTFT’s product portfolio, reinforcing Rio Tinto’s leadership as a North American supplier of critical minerals for key growth sectors such as electric vehicles, 3D printing and aerospace.

The Prime Minister, Justin Trudeau, was joined today by Minister of Innovation, Science and Industry, François-Philippe Champagne, to announce a new proposed federal investment of up to $222 million through the Strategic Innovation Fund to help Rio Tinto Fer et Titane (RTFT) to increase its production of critical minerals, including lithium, titanium, and scandium.

These critical minerals will go into products like electric vehicles and batteries, which are increasingly in demand within Canada and globally. This investment will help feed clean technology supply chains at home and abroad, setting up Canadian workers and the Canadian economy for success, according to a press release.

This investment will also aim to cut emissions at RTFT’s plant in Sorel-Tracy, Quebec, almost in half by 2030, including by electrifying furnaces and replacing coal. In total, this investment will help create up to 150 good Canadian jobs and maintain a strong workforce at RTFT, including highly skilled positions.

The Government of Canada will continue to take real action on climate change while creating good, middle-class jobs. This includes strengthening our critical minerals supply chains and developing and building clean technologies here in Canada. For today and for generations to come, we will deliver clean air good jobs, and a strong economy.

“Good middle-class jobs, clean air, and made-in-Canada tech: this is our vision for a strong economy and a strong future. Today’s announcement is about delivering on that vision and positioning Canada as a leader in critical minerals – a key part of things like electric vehicles. Together, we will continue to innovate, create good jobs, and keep our air clean,” Justin Trudeau said.

“Supporting the growth of Canada’s critical minerals supply chain will ensure that our country remains a global leader in this strategic sector. Our government is committed to the sustainable development of critical minerals resources, creating good jobs, and building strong global supply chains while strengthening trade relationships with Canada’s closest allies,” said François-Philippe Champagne.

 

 

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