Rio Tinto Ltd. has pledged to reduce greenhouse gas emissions by 70%. Read more.
Rio Tinto, the world’s second-largest mining company, plans to spend more than $700 million over the next eight years on its
operations in Sorel-Tracy, about 70 kilometres northeast of Montreal. Ottawa’s contribution will come from the Strategic Innovation Fund, and the final amount will depend on how much Rio Tinto ultimately spends on the project.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.
a material used in the aerospace and automotive industries; and boosting its capacity to produce lithium, which is essential for batteries used in EVs.Article content Rio’s chief executive Jakob Stausholm said in a press release that the company was “excited” to collaborate with the government of Canada and that the investment was part of its commitment to a net-zero future.
Trudeau, who visited Rio’s Quebec operations on Tuesday, said the investment would help create “good middle-class jobs, clean air and made-in-Canada tech,” and strengthen Canada’s critical minerals sector.its goal of creating an EV battery eco-system on home soil. In August, it signed agreements with automakers Volkswagen AG and Mercedes-Benz AG to “deepening” co-operation on EVs. Earlier this year, Ottawa inked deals with Umicore SA, Stellantis NV and LG Energy Solution Ltd.
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