Latest news with #MarcG.Serré
Yahoo
24-03-2025
- Business
- Yahoo
Government of Canada welcomes proposal from Electra Battery Materials that will strengthen Canada's critical minerals value chain
Proposal would enable the production of cobalt sulfate TEMISKAMING SHORES, ON, March 21, 2025 /CNW/ - The federal government is committed to expanding Canada's critical minerals value chains to power clean technologies. The growing demand for critical minerals represents a generational opportunity for Canada to build the strongest economy in the G7, anchor supply chains and support the shift to a net-zero economy. Today, Marc G. Serré, Parliamentary Secretary to the Minister of Energy and Natural Resources, on behalf of the Honourable Anita Anand, Minister of Innovation, Science and Industry, welcomed Electra Battery Materials' (Electra) proposal to transform its Temiskaming Shores facility into a cobalt sulfate refinery production plant. This proposal will support Canada's position as a key player in the critical mineral and electric vehicle (EV) battery industry. Electra will process one of the six critical minerals identified as a priority under the Canadian Critical Minerals Strategy. Canadian cobalt sulphate production will enable the automotive industry to have access to necessary battery materials, and it will encourage the growth of several sectors such as EVs, medical therapeutics and defence manufacturing. Canada is strongest when we are united. There should be one Canadian economy, not thirteen. Creating one Canadian economy will create higher paying jobs, improve affordability, and strengthen our national security. Quotes "Canada has everything it takes to be a leading force in critical minerals processing, manufacturing and recycling. Critical minerals are essential to powering a low-carbon economy. I am interested in seeing how this develops, as Electra's proposal may positively impact critical minerals processing in Canada."– The Honourable Anita Anand, Minister of Innovation, Science and Industry "Canada, with its abundance of critical mineral resources, is uniquely positioned to play an important role in the global energy transition. As the demand for critical minerals increases, along with the clean energy and technologies they enable, our high environmental social governance standards and the expertise of our workforce will be critical advantages in the low-carbon economy of the future. Electra's project will provide Canada with a high-quality critical mineral input that will contribute to the net-zero economy and strengthen our mining industry"– Marc G. Serré, Parliamentary Secretary to the Minister of Energy and Natural Resources "The federal government's commitment to Northern Ontario, to its mining sector, and the important role that it will play in Canada's transition to a clean and sustainable economy is very evident."– Anthony Rota, Member of Parliament for Nipissing—Timiskaming "We are grateful to be working with the Government of Canada. This underscores its commitment to advancing North American energy security and critical mineral independence. Electra's refining complex is a cornerstone of this collective effort, providing a strategically unique solution to strengthen and diversify the region's critical minerals supply chain. By addressing domestic shortfalls and reducing reliance on China, where approximately 90% of the world's cobalt is currently refined, we are fostering a more resilient, sustainable, and self-reliant future for North America." – Trent Mell, CEO of Electra Quick facts Founded in 2011 as First Cobalt, Electra Battery Materials Corporation is a publicly traded Canadian company that is headquartered in Toronto. It has proposed expanding the production of cobalt sulphate for North America's electric vehicle industry. The company is seeking to redevelop a former metal refinery located in Temiskaming Shores, Ontario, a community with a rich mining history. Electra's facility is estimated by the company to be able to process around 6,500 metric tonnes of battery grade cobalt, which represents up to 5% of the total global market share for cobalt sulfate. In June 2024, Electra Battery Materials Corporation (Electra) received $5 million from Natural Resources Canada's Critical Minerals Research Development and Demonstration Program to support the next phase of its battery recycling proposal in Temiskaming Shores, Ontario. The Federal Economic Development Agency for Northern Ontario invested an additional $5 million through the Regional Economic Growth through Innovation program, adding to its $5 million investment from 2020, to support the continued recommissioning and expansion of Electra's hydrometallurgical cobalt refinery in Ontario. Associated links Canadian Critical Minerals Strategy Electra Battery Materials Stay connected Find more services and information on the Innovation, Science and Economic Development Canada website. Follow Innovation, Science and Economic Development Canada on social media.X (Twitter): @ISED_CA | Facebook: Canadian Innovation | Instagram: @cdninnovation | LinkedIn: Innovation, Science and Economic Development Canada SOURCE Innovation, Science and Economic Development Canada View original content:
Associated Press
29-01-2025
- Business
- Associated Press
Canada Invests in Climate Change Adaptation to Keep Communities Safe in Northern Ontario and Across Canada
SUDBURY, ON , Jan. 29, 2025 /CNW/ - Across the country, the impacts of climate change are becoming more severe and more frequent with extreme events like floods, wildfires and heatwaves on the rise. Gradual changes, like thawing permafrost in the north and rising sea levels in coastal regions, are also affecting the safety of our communities and quality of life. Acting now will help improve long-term resilience and reduce costs associated with the increasing frequency of extreme weather events in Canada, including higher grocery prices, insurance premiums and local taxes to cover the costs of disaster recovery and damage. To protect our communities from the worst economic and environmental impacts of climate change, we must continue to prepare for the changes that are coming by investing in community resilience. This will not only support the safety of Canadians but also reinforce the ability of communities to recover from extreme weather events. Today, Marc G. Serré, Parliamentary Secretary to the Honourable Jonathan Wilkinson, along with Member of Parliament Viviane Lapointe and Member of Parliament Anthony Rota, announced over $2.7 million in funding for five projects based in northern Ontario under Natural Resources Canada's Climate Change Adaptation Program (CCAP). These projects aim to support professionals, decision makers and First Nation communities in northern Ontario and across Canada to advance the implementation of climate change adaptation plans and actions through the development and delivery of tools, training and resources. One of the projects will also identify lessons learned from previously implemented adaptation actions. The funding announced today comes from a total investment of $39.5 million, announced on November 14, 2024, through the CCAP and the Climate-Resilient Coastal Communities (CRCC) Program to reduce climate change risks and build more resilient communities across the country in support of the National Adaptation Strategy (NAS). The steps we take now will protect our communities, our livelihoods, our environment and our economy. We are actively investing in climate change adaptation to proactively support community-led resilience and adaptation projects. It is essential, now more than ever, that we come together to help communities stay strong in the face of current and future change. Quotes 'The impacts associated with climate change — including intense wildfires, devastating floods, stronger tropical storms and hurricanes, and permafrost thaw in the north — are being felt environmentally and economically in every single region of Canada. That is why this federal government is acting now to help our communities and our economy prepare for and protect against the threat of climate change. Today's announcement of five projects based in northern Ontario under the CCAP supports the vital long-term, community-based work to keep people safe now and into the future.' The Honourable Jonathan Wilkinson Minister of Energy and Natural Resources 'Today's funding announcement will support five important projects that are helping communities and sectors take action to adapt to our changing climate. These initiatives are led by passionate researchers and organizations who truly have our environment and our well-being at heart. By investing in projects like these, we're working together to protect our homes, livelihoods and the places we love from the growing risks of climate change.' Marc G. Serré Member of Parliament for Nickel Belt, Parliamentary Secretary to the Minister of Energy and Natural Resources, Parliamentary Secretary to the Minister of Official Languages 'Sudbury is a leader in environmental remediation. This investment secures our standing and our efforts as good stewards of the environment and our community. Being able to adapt and build resiliency is worth investing in, and that's what we are doing. The vital work being done here will help us better prepare for and adapt to the impacts of climate change.' Viviane Lapointe Member of Parliament for Sudbury 'Communities across Canada and in Ontario are being affected by the rising impacts of extreme weather events. Now is the time to work together and build climate change responses that address current and future problems. By taking the necessary steps today to adapt and build resiliency, we are helping our communities prepare themselves to respond and better adapt to the impacts of climate change.' Anthony Rota Member of Parliament for Nipissing–Timiskaming 'Up North on Climate is honoured to collaborate with four Northern Ontario Tribal Councils in the Partnership for Indigenous Climate Change Adaptation. Together, we are creating an online resource and micro-credentials to share the impacts of climate change on First Nation communities. The GeoHub will feature accessible, dynamic story maps highlighting community experiences and adaptation ideas, blending Indigenous and Western knowledge to build resilience.' Chantal Sarrazin-Delay Lead, Up North on Climate, Laurentian University 'The training that we are developing is not widely available within the forest sector and across Canada. By building on existing resources and proven materials, and through collaboration with partners, we believe that the proposed training program can play a pivotal role in advancing climate change adaptation practice and contribute to the resilience and sustainability of forests and the forest sector.' Mark Pearson Executive Director, Canadian Institute of Forestry 'Climate change is outpacing our efforts to protect people and communities from the harsh impacts of extreme weather. The Climate Risk Institute is grateful for this support from Natural Resources Canada, which will provide examples of best current practice in areas of climate resilience and inspire greater scales of implementation. Through these projects, the Climate Risk Institute will engage with key professions and others across Canada to build knowledge, capacity and competencies so that climate resilience becomes more mainstream within their practice.' Al Douglas President, Climate Risk Institute Quick Facts Every $1 spent on climate change adaptation measures saves up to $15 in terms of the long-term costs involved in mitigating climate change impacts and extreme weather events. Since 2015, the Government of Canada has invested more than $6.5 billion in adaptation efforts, including $2.1 billion since fall 2022 to implement the NAS and other adaptation-related activities. The CCAP will help Canada's regions and sectors to adapt to a changing climate. More specifically, the CCAP aims to: support decision makers in identifying and implementing adaptation actions; enhance adaptation knowledge and skills among Canada's workforce; and increase access to climate change adaptation tools and resources. The CRCC Program supports regional-scale pilot projects on Canada's three marine coasts — Atlantic, Pacific and North — and in the Great Lakes–St. Lawrence region. The program aims to enhance the climate resilience of coastal communities and businesses and to accelerate adaptation to reduce climate change risks and coordinate innovative actions. The NAS provides a whole-of-society plan focused on protecting Canadian lives and building more resilient and prosperous communities. Canada released its first NAS on June 27, 2023. Achieving the objectives of the NAS requires whole-of-society action. The Government of Canada is working with provinces, territories, Indigenous partners and the private sector to develop innovative technical, financial and operational solutions that will support adaptation action by communities across the economy.
