The $600-million fund the federal Liberals created to invest in startups that use technology to fight climate change is losing money, and having difficulty finding companies in which to invest.
The fund, administered by the Business Development Bank of Canada (BDC), has invested in some firms that are failing to meet performance targets and that are at risk of defaulting, according to a year and a half of BDC’s financial documents and letters sent to cabinet ministers obtained by The Logic.
