The deputy prime minister will attend the annual meeting of the World Economic Forum’s board of trustees—of which she is a member—on Friday. Innovation Minister Navdeep Bains told reporters on a call from Davos, Switzerland that he’d met with executives from automakers Volvo and Mitsubishi; chemical company Dow; U.S. telecom giant Verizon; and Indian IT consulting firms Tata Consultancy Services and Tech Mahindra. (The Logic)
Talking point: Though the Prime Minister’s Office told The Logic earlier this month that neither he nor Freeland would not be attending, Freeland’s office said the Davos trip, announced Thursday morning, did not represent a change in her schedule. Meanwhile, the entries on Bains’s Davos dance card fit his reported agenda of promoting a 50 per cent corporate tax cut for firms creating emissions-reduction technology. He told reporters that, in meetings, he’d highlighted Ottawa’s funding programs for cleantech, including Sustainable Development Technology Canada and the Strategic Innovation Fund, and said they “will be seeing [the tax measure] enacted very soon to to help with their future investment decisions.” Some Canadian cleantech executives have expressed concern that the benefits of the policy would flow to companies in existing carbon-intensive sectors using technology to reduce emissions, since many domestic startups don’t have meaningful profits to tax.
Correction: The name of the Ottawa program is Sustainable Development Technology Canada. This item has been updated.