Home Truck News Federal government suspends greentech foundation's funding after investigation - Truck News

Federal government suspends greentech foundation’s funding after investigation – Truck News

The federal government has ordered Sustainable Development Technologies Canada (SDTC) to temporarily suspend its funding for green technology projects, following a months-long investigation that cited conflicts of interest and governance challenges.

Raymond Chabot Grant Thornton unveiled findings from its investigation to Innovation, Science and Economic Development Canada last week.

“The fact-finding report identified a number of instances in which SDTC was not in full compliance with the contribution agreement made with [Innovation, Science and Economic Development Canada],” Minister of Innovation, Science and Industry Francois-Philippe Champagne said in a statement.

“It also identified opportunities for improvement in other areas not covered by the contribution agreement, and outside of the scope of intervention for ISED, including human resources, governance, and oversight.” 

(Photo: iStock)

The foundation allocates funds to small- and medium-sized enterprises to help advance pre-commercial technologies. Since 2001 it has allocated $1.71 billion – including $219 million for transportation projects and $81 for next-generation biofuels.

Trucking-related projects to benefit from past funding have included those developed by Loop Energy, Routific Solutions, Vicinity Motor Corp., and FleetOps.

SDTC is to implement a “management response and action plan” by the end of the year. All new projects are temporarily suspended until corrective measures are in place.


Credit: Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

Honda to demonstrate Class 8 hydrogen fuel cell truck – Truck News

Honda is bringing a Class 8 hydrogen fuel-cell-electric conept truck to ACT...

Don't Get Too Excited About Toyota’s First Electric Pickup Truck – Gear Patrol

Don't Get Too Excited About Toyota’s First Electric Pickup Truck  Gear Patrol Credit: Source link

Honda believes hydrogen semi trucks will make the case for fuel cells – Digital Trends

Honda believes hydrogen semi trucks will make the case for fuel cells  Digital Trends Credit: Source link

ECONOMIC TRUCKING TRENDS: Freight recession to end in September, Motive predicts – Truck News

Preliminary trailer order numbers for April show a sluggish market, and buyers...

Volvo and Daimler create JV to enhance digital capabilities – Truck News

Rivals Volvo Group and Daimler Truck have agreed to form a joint...