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Crisis at Sustainable Development Technology Canada: Urgent Overhaul Needed

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Environment News

Sustainable Development Technology Canada,Cleantech,Crisis

Sustainable Development Technology Canada, a linchpin in the country’s cleantech landscape, is facing a crisis due to allegations of gross mismanagement. A recent investigation revealed the diversion of public funds and repeated violations of conflict-of-interest policies by the executive team and board. Urgent changes, including a new board and management team, are necessary to address the situation.

Israr Ahmad is a Canada-based climate policy and energy transition investment professional. He is a former employee of Sustainable Development Technology Canada.

While many details of the report remain redacted, the severity of its findings prompted Industry Minister François-Philippe Champagne to suspend SDTC’s main task: funding early-stage Canadian cleantech companies. Discerning the truth is complex when the full extent of what transpired remains unknown to the public. I count myself among the fortunate few ex-SDTC employees who are not bound by non-disclosure agreements, and have filed a freedom of information and privacy request to obtain the same report and ISED management response and action plan that were released to media.

Executives profited, too. These payments contributed to hitting the corporate disbursement targets that are crucial to executive bonuses, which were also approved by these same board members. The CEO’s conflict-of-interest declaration with an outside expert was found during the investigation to have been backdated, destroying any last shreds of credibility.

 

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