Mr. Speaker, in response to part (a) of the question, the Net Zero Accelerator initiative has a number of objectives: decarbonizing large emitters, which is pillar1, industrial transformation, which is pillar 2, and clean technology and battery ecosystem development, which is pllar 3.
This project falls under pillar 3: Clean technology and battery ecosystem development. The objective of projects under this pillar is to capitalize on emerging clean economy opportunities and promote the development of a made-in-Canada battery ecosystem. Access to batteries will in turn support electric vehicle manufactures in Canada and help accelerate the adoption of electric vehicles, or EVs, replacing internal combustion vehicles and thereby reducing emissions. Emission reductions are down stream. There are no direct emissions reductions from the project.
With respect to part (b) of the question, PowerCo is constructing a new best in class greenfield facility. There are no specific reduction targets in the contribution agreement. The Recipient committed to integrate environmental solutions and to further investigate ways to reduce emissions associated with battery manufacturing, including throughout its supply chain. One of the reasons that the company chose to invest in Canada is to have access to low carbon grid electricity, supporting environmental sustainability.