Kind of counterintuitive if you ask me.
The federal government of Canada has announced its investment of C$72.3 million (US$54 million) to two oil sands companies to aid in improving the country’s environmental performance.
The $2 billion Low Carbon Economy Fund (LCEF) is an important part of the Pan-Canadian Framework on Clean Growth and Climate Change (the Framework).
The Fund supports the Framework by leveraging investments in projects that will generate clean growth, reduce greenhouse gas emissions and help meet or exceed Canada’s Paris Agreement commitments.