10.31.12, 07:30–Canada’s Minister of Natural Resources Joe Oliver and Israeli Minister of Energy and Water Resources Uzi Landau announced on Sunday the establishment of an exciting cooperative venture between the two countries with the birth of the Canada–Israel Energy, Science and Technology Fund.

The new fund – to which the Canadian government will contribute $5 million over a three-year period – will allow Canada and Israel to pursue further cooperation down the road to advance their mutual shared energy interests.

The government of Israel will provide funds on a project-by-project basis to initiatives in this program, the approval of which will be in accordance with the laws and regulations of the Office of the Chief Scientist in the Israeli Ministry of Industry Trade and Labor (OCS).

Eligible projects for the new 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 endeavor 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…Read More>>

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