The amount, five times more than 2019, is a record for the investment arm of the Quebec government. Investments in the likes of Northvolt and Solus—among others in the electric-vehicle battery business—represented half of the amount, reflecting the importance the province has placed on establishing itself as an EV battery hub. (The Logic, La Presse)

Talking point: Innovation Minister Pierre Fitzgibbon said Investissement Québec won’t likely be able to keep up a similar investment pace in the coming years, in large part because the province “won’t have the megawatts”—a nod to Quebec’s dwindling electricity surplus, which is expected to come to an end in 2027. Investissement Québec is among the government agencies tasked with wringing out $1 billion in cost savings in the next five years.