Apr.
16, 2010, Whitehorse – The Canadian Northern Economic Development Agency
(CanNor) is investing in emerging industries in the Yukon with funding to the
Dakwakada Development Corporation. CanNor will provide $50,000 to the Dakwakada
Development Corporation (DDC) to assist its exploration of biofuel
opportunities in the territory.
The
DDC is the business investment division of the Champagne and Aishihik First
Nations. DDC is exploring the potential for a wood fibre-based biofuel industry
in the traditional territory of the Champagne and Aishihik First Nations and in
the rest of Yukon. CanNor’s investment will enable the DDC to work with
industry and business planning specialists to establish if this is a viable
economic opportunity and if so, to develop a business plan for implementation.
There
is a recognized abundance of potential waste wood sources in the Yukon. For
example, trees killed by fire or beetle infestations could be harnessed for use
in a Yukon-based wood pellet plant. A northern renewable energy industry would
lead to employment and contracting opportunities for Yukon’s residents and
businesses. It would reduce the territory’s dependence on imported oil and
propane fuel, and potentially lead to lower energy costs for businesses and
residents. Clearing of waste wood would also serve to reduce the danger of
forest fires, increasing safety and security for communities.
Support
for this initiative is being provided through the Strategic Investments in
Northern Economic Development (SINED) program, made possible through Canada’s
Economic Action Plan. It is delivered by CanNor in the three territories.
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