The Provincial government is investing $35 million to support new industry projects intended to grow British Columbia’s clean industry.

The CleanBC Industry fund helps companies adopt cleaner tech and supports the transition to electrification and net-zero operations at their B.C. facilities.

It invests part of B.C.'s industrial carbon pricing system into projects that support jobs and advance climate action.

“We’re helping B.C. industries accelerate decarbonization and lead in the global shift to clean energy,” said Adrian Dix, Minister of Energy and Climate Solutions.

“These consistent and focused investments protect good jobs today, while opening the door to new opportunities in tomorrow’s economy.”

The fund has committed more than $368 million to 173 projects throughout the province since 2019.

Provincial numbers say they are expected to reduce more than 14 million tonnes of greenhouse gas emissions over 10 years, the equivalent of eliminating over 20% of emissions from all heavy-duty vehicles in B.C.

The government says for every $1 invested by the Province, the fund has leveraged an average of $2 in additional investment from industry and other partners.

CleanBC Industry Fund projects are funded through milestone-based agreements with performance metrics to ensure emissions reductions are achieved.

To learn more, visit Government of British Columbia.