Canada’s cleantech sector struggles to secure domestic investment, forcing startups to seek global backers. Experts like Haskayne professors Koskinen and Pandes cite policy uncertainty and investor risk aversion, in contrast to U.S. regulatory support through the Inflation Reduction Act.
Calgary’s Eavor Technologies raised $135M internationally for its geothermal project, a feat founder John Redfern attributes to global outreach and lobbying. Ontario Clean Technology Industry Association’s Peter McArthur highlights successful Canadian examples like Cyclic Materials, but notes scaling remains elusive. With Canada needing $2 trillion to reach net zero, missed opportunities could shift profits abroad.
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