The Impact Canada challenges are great examples of using innovation that you find in the marketplace to find those solutions. You've got the Sky's the Limit Challenge, trying to find less-emitting jet fuels, which is hugely important. The Women in Cleantech Challenge is financing some great research from six women innovators to lower emissions in industrial activities. The Charging the Future Challenge on EVs, the Indigenous Off-diesel Initiative for remote indigenous communities, the Crush It! Challenge in reducing energy use in emissions, grinding minerals in mining, and the Power Forward Challenge, which is in partnership with the U.K. to design better power grids.
Yes, they're a bit of fun, but they're also incredibly important to focus our energy and our talent. We want Canada to be a world leader, I would like to be ambitious and say the world leader in clean innovation. We promised to cut the corporate tax rate in half for companies in this space. We're also looking to transform how we provide energy in a low-carbon economy in our communities by shifting to clean power. We're supporting manufacturing and the natural gas and energy sector.
I remember standing at Globe, the biggest clean tech conference in North America. I'm sure Patrick, as a member, has attended Globe in Vancouver. You were reminded when you went there as well. Back to the other member's point about how you balance all these things; 70% to 80% of clean tech in this country is funded by oil and gas. We're talking about a billion dollars a year. We can't get to net zero without the oil and gas industry, in the same way in the inverse the oil and gas industry needs net zero to continue to grow and prosper. That's two sides of the same coin.
This is not easy stuff and it doesn't make for a bumper sticker.
But when you are an energy country like we are, you have got to get it right. You absolutely have to. The world is watching us on this. And clean tech, given the fact that we have the most educated populace in the OECD, and given how vibrant our tech sector is in this country from coast to coast to coast, I think you'll see in smaller jurisdictions in cities like mine where Verafin has one of the biggest tech acquisitions in Canadian history, you are going to see tech in this country, and clean tech particularly, just blossom and grow.
As a government, we need to make sure we maximize that. Those are energy jobs, natural resource jobs. It's these sorts of things that will continue to keep Canada an energy superpower.