Natural Resources Canada
October 29, 2012
TORONTO — The Honourable Joe Oliver, Canada’s Minister of Natural Resources, and Honourable Uzi Landau, Israeli Minister of Energy and Water Resources, today announced the creation of the Canada–Israel Energy Science and Technology Fund, which will see Canada and Israel pursue further cooperation to advance shared energy interests. The Government of Canada will contribute $5 million over the next three years to support the fund.
The Government of Israel will provide funds on a project-by-project basis to initiatives under this program. The approval of those projects will be in accordance with the applicable laws, regulations, rules, procedures and mechanisms of the Office of the Chief Scientist in the Israeli Ministry of Industry Trade and Labor (OCS).
Eligible projects for the Canada–Israel Energy Science and Technology Fund will be led by industry but can include academic partners on both sides as research and development sub-contractors to the project.
“This new scientific initiative will create jobs and strengthen the economies of both our countries through greater energy collaboration,” said Minister Oliver. “Today’s announcement underscores the important strategic relationship between our two countries.”
“In the endeavour to develop Israel’s natural resources, we find in Canada a natural partner to cooperate with and together look for ways to maximize our capabilities,” said Dr. Landau.
The Government of Canada is committed to strengthening bilateral ties with Israel, advancing Canada’s energy interests and contributing to Canada’s long-term economic well-being.
Through this joint initiative, the governments of Canada and Israel will encourage innovation and improve competitiveness and productivity.
Source: Natural Resources Canada