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Stock impact report

Ottawa gives Alberta's clean energy tech sector a $3-million funding boost [Globe and Mail, The (Toronto, Canada)]

Cenovus Energy Inc (CVE) 
Last cenovus energy inc earnings: 4/29 06:00 am Check Earnings Report
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Log in or create a free account to listen to this article. Research and collaboration spaces to hasten Alberta's energy sector toward net-zero greenhouse gas emissions got a $3-million funding boost from Ottawa on Wednesday, in what the head of one oil company said underscores the amount of clean-technology collaboration going on behind the scenes. About $2.1-million of the federal cash will help support downtown Calgary's Energy Transition Centre , which links the University of Calgary with the private sector to turn vacant office space downtown into an area to develop clean-energy technologies. Another $900,000 will go to the Foresight Clean Technology Accelerator Centre, which will provide training and investment opportunities for that clean-technology sector. The cash is “a really good start” to push the energy sector further toward Canada's ambitious goal of bringing emissions to net zero by 2050, said Alex Pourbaix, chief executive officer of Cenovus Energy Inc. and chair Show less Read more
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