Canadian gas group launches venture fund
Apr 1, 2021 3:30:pm
Summary
by: Dale Lunan
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Canadian gas group launches venture fund
Just two days after its creation, NGIF Capital on April 1 launched NGIF Cleantech Ventures, a new equity fund that will invest in cleantech solutions that lead to greenhouse gas (GHG) emission reductions along the natural gas value chain or that advance renewable natural gas and hydrogen.
NGIF Cleantech Ventures is supported by C$35mn (US$28mn) in seed funding from seven limited partners representing Canada’s natural gas value chain: producers ARC Resources, Birchcliff Energy and Tourmaline Oil; utilities ATCO Gas and FortisBC and midstream infrastructure operators TC Energy and Tidewater Midstream and Infrastructure.