New B.C. cleantech network to focus on forestry, mining and water sectors

New federal and provincial funding is allowing Foresight Canada to create a new cleantech network in B.C. aimed at accelerating and marketing solutions in the forestry, mining and water sectors.

Foresight Canada is receiving $5.2 million from the Pacific Economic Development Agency of Canada and $2.3 million from the B.C. government to establish the BC Net Zero Innovation Network.

The network’s goal is to promote the development and adoption of clean technologies, as well as open up new markets and attract talent to the province.

“The world is moving towards cleaner technologies and Canada has the opportunity to be a true global leader – creating good jobs for Canadians while helping the world meet climate change and other environmental goals. PacifiCan’s support for this project with Foresight Canada is an important step in creating environmental solutions here in B.C,” federal International Development Minister Harjit S. Sajjan said in a government news release.

Jeanette Jackson, CEO of Foresight Canada, said the new network will allow ventures to develop and scale critical climate solutions that attract capital, generate green jobs, drive exports, and accelerate domestic industry sustainability.

“Initiatives like this will significantly accelerate Canada’s transition to a net-zero economy, and Foresight is excited to demonstrate this model in B.C.” Jackson said.

Foresight Canada expects the network to create 240 new jobs, attract $280 million in investment, and reduce greenhouse gas emissions by 125 kilotonnes.