SDTC finances and supports the development and demonstration of clean technologies which provide solutions to issues of climate change, clean air, water quality and soil, and which deliver economic, environmental and health benefits to Canadians.
- A whistleblower's complaint unveils a governance crisis, leading to Ottawa suspending its $1 billion green tech fund, a critical vehicle for Canada's clean energy transition.
- The allegations against the organization's chief executive and board members highlight the necessity of stringent governance frameworks in public funding bodies.
- This suspension not only delays financial support to green startups but also threatens to erode public trust in green initiatives, at a time when fostering a green tech ecosystem is imperative for Canada.
Cleantech community braces for tough times ahead as the suspension will be a notable setback in Canada’s journey towards fostering a vibrant green tech ecosystem.