Ontario launches $200M technology fund
A government source says the $200 million will help drive private investment into emerging Ontario technology companies and other high-tech businesses.
The fund was set up because of serious challenges that new technology companies face in raising venture capital due to tight credit markets.
The source says without access to capital, these companies cannot grow and create jobs in Ontario.
The announcement will be targeted to companies working in clean technology, life sciences, and digital media and communications technology.
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BC Hydro says three LNG companies continue to demand electricity, justifying Site C
CALGARY - Despite recent project cancellations, BC Hydro still expects three LNG projects — and possibly a fourth, which is undergoing a feasibility study — will need power from its controversial and expensive Site C hydroelectric dam.
In a letter sent to the British Columbia Utilities Commission (BCUC) on Oct. 3, BC Hydro’s chief regulatory officer Fred James said the provincially owned utility’s load forecast includes power demand for three proposed liquefied natural gas projects because they continue to ask the company for power.
The letter and attached report provide some detail on which of the LNG projects proposed in B.C. are…
