Canada Infrastructure Bank

Government of Canada invests $15 Million in Clean Fuels Projects in the Niagara Region and Across Canada

Retrieved on: 
Friday, March 8, 2024

These fuels, like gasoline and diesel, help power our economy, but their extraction and combustion represent a significant source of pollution in Canada.

Key Points: 
  • These fuels, like gasoline and diesel, help power our economy, but their extraction and combustion represent a significant source of pollution in Canada.
  • Today, the Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources, announced in Thorold, Ontario, a federal investment of $15 million to support six clean fuels projects across Canada, including $10 million for two projects in the Niagara region.
  • This funding will help advance clean fuels while supporting new jobs, attracting more investments, and bringing more clean energy and technology businesses to our region.
  • Launched in June 2021, the Clean Fuels Fund is investing $1.5 billion to grow the production of clean fuels in Canada, such as hydrogen, renewable diesel and natural gas, cellulosic ethanol, synthetic fuels and sustainable aviation fuel.

Federal Investment for New EV Chargers Across Ontario

Retrieved on: 
Tuesday, March 5, 2024

The chargers are expected to be installed by November 2025 and will help EV drivers get to where they need to go with confidence and ease.

Key Points: 
  • The chargers are expected to be installed by November 2025 and will help EV drivers get to where they need to go with confidence and ease.
  • To date, federal investments are helping to deploy over 47,000 EV chargers across the country.
  • The Zero Emission Vehicle Infrastructure Program provides funding to support the installation of EV chargers in multi-use residential buildings, at workplaces, on-street, at public places and where EV fleets are serviced.
  • Over 50 models qualify for the federal iZEV purchase incentive in 2023, which is an 80 percent increase from 2019.

Government of Canada Announces $50 million for Ontario's Expansion of Clean, Reliable and Affordable Nuclear Energy

Retrieved on: 
Thursday, February 29, 2024

This project also represents a significant domestic economic opportunity, further establishing Canada and Ontario as international leaders on nuclear energy by building on our legacy of developing and deploying safe and reliable nuclear technology in Canada and around the world.

Key Points: 
  • This project also represents a significant domestic economic opportunity, further establishing Canada and Ontario as international leaders on nuclear energy by building on our legacy of developing and deploying safe and reliable nuclear technology in Canada and around the world.
  • This means more reliable and affordable electricity for Canadians and good jobs and economic opportunities for communities across Ontario."
  • Nuclear energy is an important part of Canada's energy mix — currently providing 14 percent of our electricity nationally and over 50 percent in Ontario.
  • The nuclear sector helps Canada avoid approximately 45 million metric tonnes of carbon dioxide emissions annually.

Minister Wilkinson Announces Over 500 New Public EV Chargers Across Toronto

Retrieved on: 
Wednesday, February 28, 2024

Investing in more EV chargers, including the over 500 that we announced today in Toronto, will put Canadians in the driver's seat on the road to a strong, healthy net-zero future."

Key Points: 
  • Investing in more EV chargers, including the over 500 that we announced today in Toronto, will put Canadians in the driver's seat on the road to a strong, healthy net-zero future."
  • That includes working to expand EV infrastructure across the country, like these over 500 new chargers we are deploying across Toronto, making it easier to switch to an EV.
  • "Today's announcement marks a significant step toward a more sustainable and greener future with the installation of over 500 new EV chargers in Toronto.
  • The Zero Emission Vehicle Infrastructure Program provides funding to support the installation of EV chargers in multi-use residential buildings, at workplaces, on-street, at public places and where EV fleets are serviced.

Minister Guilbeault provides update with new design options for the Clean Electricity Regulations

Retrieved on: 
Friday, February 16, 2024

Finalizing the Clean Electricity Regulations later this year will support this commitment.

Key Points: 
  • Finalizing the Clean Electricity Regulations later this year will support this commitment.
  • Today, the Honourable Steven Guilbeault, Minister of Environment and Climate Change, released an update on the consultations and on the design options being considered for the final Clean Electricity Regulations.
  • Before finalizing the Clean Electricity Regulations later this year, the Government of Canada will continue to engage on these options under consideration with interested stakeholders, including provinces and utilities.
  • Continued collaboration is essential to ensure that the Clean Electricity Regulations deliver significant emissions reductions while supporting reliability and affordability.

CIB committing $138.2 million to Nova Scotia Energy Storage Project

Retrieved on: 
Thursday, February 15, 2024

CIB commits $138.2 million to three energy storage facilities in Nova Scotia.

Key Points: 
  • CIB commits $138.2 million to three energy storage facilities in Nova Scotia.
  • HALIFAX, NS, Feb. 15, 2024 /CNW/ - The Canada Infrastructure Bank (CIB) is committing $138.2 million to support the development of Atlantic Canada's largest planned energy storage project by Nova Scotia Power Inc. (NS Power) in collaboration with Wskijinu'k Mtmo'taqnuow Agency Ltd. (WMA), an economic limited partnership owned by 13 Mi'kmaw communities.
  • CIB's first Indigenous Equity investment in Atlantic Canada's largest energy storage project.
  • The CIB's investment of $138.2 million towards Atlantic Canada's largest energy storage project is helping to create economic opportunities across Nova Scotia while supporting a clean energy transition.

CIB invests in new domestic passenger terminal at Montreal Metropolitan Airport

Retrieved on: 
Tuesday, February 6, 2024

CIB reached financial close on a $90 million investment towards a new domestic commercial passenger terminal at MET – Montreal Metropolitan Airport.

Key Points: 
  • CIB reached financial close on a $90 million investment towards a new domestic commercial passenger terminal at MET – Montreal Metropolitan Airport.
  • LONGUEUIL, QC, Feb. 6, 2024 /CNW/ - The Canada Infrastructure Bank (CIB) is investing $90 million in the new domestic passenger terminal at MET – Montreal Metropolitan Airport (YHU), formerly known as the Saint-Hubert Airport.
  • The terminal development project is a partnership between Macquarie Asset Management and Porter Aviation Holdings Inc.
    Canada Infrastructure Bank (CIB) is investing $90 million in the new domestic passenger terminal at MET.
  • The CIB's $90 million loan towards a new domestic passenger terminal at the Montreal Metropolitan Airport will support the Greater Montréal Region's continued economic expansion.

Departure of Board Chairperson at Canada Infrastructure Bank

Retrieved on: 
Friday, January 26, 2024

OTTAWA, ON, Jan. 26, 2024 /CNW/ - The Honourable Sean Fraser, Minister of Housing, Infrastructure and Communities announced the departure of Tamara Vrooman from her role as Chairperson of the Canada Infrastructure Bank (CIB), effective January 27, 2024.

Key Points: 
  • OTTAWA, ON, Jan. 26, 2024 /CNW/ - The Honourable Sean Fraser, Minister of Housing, Infrastructure and Communities announced the departure of Tamara Vrooman from her role as Chairperson of the Canada Infrastructure Bank (CIB), effective January 27, 2024.
  • "I am sincerely thankful to Ms. Vrooman for her contributions as Chairperson of the Canada Infrastructure Bank over the past three years and wish her the very best as she continues her role at the Vancouver Airport.
  • "I appreciate the opportunity I've had to contribute to the success of the Canada Infrastructure Bank over the last three years, and to have worked with an exceptional management team and Board," said Ms. Vrooman.
  • As a Crown corporation, the CIB is governed by an independent Board of Directors and is accountable to Parliament through the Minister of Housing, Infrastructure and Communities.

BMO Partners with Canada Infrastructure Bank to Help Canadian Clients Finance Energy Retrofits in a Sustainable Finance First

Retrieved on: 
Wednesday, January 24, 2024

BMO is the first financial institution in Canada to offer a unique financial ecosystem that provides access to impact capital through the Canada Infrastructure Bank, with long term refinancing through BMO.

Key Points: 
  • BMO is the first financial institution in Canada to offer a unique financial ecosystem that provides access to impact capital through the Canada Infrastructure Bank, with long term refinancing through BMO.
  • This program is an example of the way we partner with organizations to create new and effective sustainable solutions for our clients."
  • "We're excited to be at the leading edge of sustainable finance innovation in the real estate sector," said Nadim Hirji, Group Head, BMO Commercial Bank, North America.
  • Depending on the forecast GHG savings, the client may qualify for Canada Infrastructure Bank impact capital to support project execution.

Azure Sustainable Fuels Announces Plans to Develop SAF-Focused Renewable Fuel Production Facility in Canada

Retrieved on: 
Thursday, January 18, 2024

"Our ambition is to develop the first SAF-dedicated renewable fuel production facility of scale in Canada, by utilizing Canadian skillsets and natural resources to achieve first production in 2027," said Douglas Cole, Azure's CEO.

Key Points: 
  • "Our ambition is to develop the first SAF-dedicated renewable fuel production facility of scale in Canada, by utilizing Canadian skillsets and natural resources to achieve first production in 2027," said Douglas Cole, Azure's CEO.
  • At the same time, we have worked closely with federal, provincial and Indigenous governments to adhere to all regulations and requirements."
  • "Yesterday in Manitoba, we announced a significant investment to seize global economic opportunities and help position Manitoba and Canada as leaders in the future of sustainable aviation fuel production.
  • "Yesterday's investment in Azure's sustainable aviation fuel projects is an important development for our economy and in the fight against climate change.