Canadian Prime Minister Justin Trudeau and German Chancellor Olaf Scholz examine a hydrogen-powered toy car as they tour a trade show on Aug. 23, 2022 in Stephenville, N.L.
The fall economic statement presented on Thursday lays out plans for $15 billion in “innovative investment funding tools” to attract private investment in technology to decarbonize Canada’s keyA senior government official who briefed reporters said that Canada needs more research and development investment to upgrade resource industries including forestry, mining and agriculture, “where we in Canada have to step up our productivity,” the official said.
The program is “quite different from what we have done in the past” and will be “very hands-on” and “independent of government operated at the speed of business, not at the speed of government.”
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