Canada Trying to Energize Israel Tech Link

Oliver was seeking to expand cooperation under the Canada-Israel Energy Science and Technology Fund during a meeting with Israeli business leaders in Tel Aviv on Tuesday.

He is looking for project proposals that address the challenges facing Canada’s energy industry and specifically focus on improving the efficiency and sustainability of the sector, according to the Canadian ministry.

Eligible projects can involve industrial and academic partners from both countries.

“This fund encourages the development of innovative energy technologies and processes, enabling the responsible development of unconventional oil and gas resources,” Oliver said.

“These projects will help create jobs, address shared environmental challenges and strengthen the economies of both countries.”

A Canadian delegation led by Oliver is currently in Israel meeting with business leaders and policy-makers in order to further investment and trade opportunities between the two nations, his ministry said.

“Canada is open for business, and we want to expand our trade and investment with Israel, creating jobs, growth and long-term prosperity for Canadians,” he said.

Canada has already committed to investing $5 million over the course of three years through its ecoENERGY Innovation Initiative project, and Israel has pledged to allocate resources based on individual project needs.

This article appeared in print on page 8 of the May 2nd, 2013 edition of Hamodia.