The government of B.C. announced it's investing $70 million in 25 emission reduction projects. The funding comes as part of the CleanBC Industry Fund’s third round of investment and focuses on the adoption of cleaner technologies in sectors such as pulp and paper, mining, and oil and gas. 

• “B.C.’s natural resource companies, including in the forestry sector, are transitioning to cleaner, more innovative technologies and our government is helping accelerate this process with CleanBC,” according to Katrine Conroy, minister of forests, lands, natural resource operations and rural development.

What else they’re saying: In a statement, George Heyman, minister of environment and climate change strategy, commented: “By working with industry, we’re unlocking new investments in the province to significantly cut carbon pollution and support innovative, clean technologies to address the climate crisis and benefit communities.”

By the numbers: The $70 million in funding for the projects comes from carbon tax revenues paid by various industries. Industry partners are contributing $74.5 million and an additional $22 million is being provided by BC Hydro, FortisBC and other government programs.

• Plus, according to the government’s accounting, the total emissions reduction from the CleanBC Industry Fund program is now six million tonnes of carbon dioxide equivalent (CO2e)—equal to taking 1.3 million cars off the road over 10 years.

Go deeper: Funding recipients include Nanaimo Forest Products Ltd., NorthRiver Midstream Inc. and Crew Energy Inc., among other regional companies. The full list of funded projects can be found on the government’s website.