Canada’s industrial carbon pricing system delivers support for clean technology projects

The Government of Canada announced that nearly $150 million from the Output-Based Pricing System (OBPS) Proceeds Fund is being allocated to 38 projects under the Decarbonization Incentive Program (DIP). This funding aims to support the development of clean technologies that reduce greenhouse gas emissions. The OBPS Proceeds Fund collects money from pollution proceeds within provinces such as Ontario, Saskatchewan, and Manitoba. Notably, projects such as McCain Foods’ retrofit of their Carberry facility are highlighted, aiming for significant emissions reductions by improving energy efficiency.