Thank you very much for the question and thank you for the work you do each and every day in the beautiful province of Alberta.
Through the net-zero accelerator initiative and with the additional funding announced in budget 2021, we're investing $8 billion to accelerate the decarbonization of large emitting sectors. We're focusing on the transition to cleaner technologies across the piece. People often think this is primarily focused on the oil and gas sector. It is one area, but another area is steel manufacturing, where we have been working to implement electric arc furnaces.
We know this program is crucial to Canada's efforts to get to net zero and, through our global leadership, meet our ambitious GHG reduction targets. We announced $300 million just recently for the Air Products hydrogen facility in Edmonton. We also recently announced $27 million for E3 Lithium, which is a really interesting company extracting lithium from brines.
NRCan is the lead federal department on energy and natural resources. We play an essential role in the implementation of the net-zero accelerator.
The fight against climate change requires an all-hands-on-deck approach. The net-zero accelerator is a really clear example of how different departments can work together to help us achieve our goals.