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____ Wednesday March 23, 2016 ____

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Federal Budget 2016

Visionary budget for cleantech and the Canadian economy

Ottawa - Cycle Capital Management is delighted to see a breath of fresh air in the Federal Government Budget for 2016-2017. Particularly for a visionary future that leverages major investments in cleantech, innovation and in green infrastructure.

More specifically, Cycle Capital notes the creation of the Low Carbon Economy Fund, with a $2 billion envelope over two years starting in 2017-2018, and the investment of $2.9 billion over five years to fight climate change and pollution. The amounts attributed to Natural Resources Canada for energy efficiency and the $1 billion over five years for future investments in cleantech are also very positive.

"We are ready for this challenge. By focusing on cleantech and helping efficient entrepreneurs, ready to conquer the world, Canada can become again an influent actor globally in cleantech and build prosperity from a green economy", declares Andrée-Lise Méthot, Founder and Managing Partner of Cycle Capital Management.

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