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Stock impact report

Canadian clean-tech industry gets boost as venture funds raise capital [Toronto Globe and Mail (Ontario, Canada)]

Equinor ASA (EQNR) 
Last equinor asa earnings: 2/6 12:43 am Check Earnings Report
A trio of Canadian clean-tech venture funds are attempting to raise $700-million amid calls for more capital to boost the underfunded sector focused on the environment and climate change. Toronto-based ArcTern Ventures, Vancouver’s Chrysalix Venture Capital and Montreal’s Cycle Capital are pushing to do something that has proved relatively difficult in Canada: persuade investors to buy into what are called clean technology companies. The three funds, which have set lofty goals and are showing some momentum in their fundraising, are attempting to fund a Canadian sector that has seen “relatively weak” financing compared with global peers as risk-averse corporate customers have been slow to adopt new technologies. Open this photo in gallery Murray McCaig, left, and Tom Rand. COURTESY OF MARS The financing push comes amid growing calls for action on climate change, the most recent of which came in a United Nations report on Monday. Show less Read more
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