Canada

Canada Foundation for Sustainable Development Technology Act (S.C. 2001, c. 23)

Legislative

Law

Passed in 2001

This Act establishes a not-for-profit foundation that finances and supports the development and demonstration of clean technologies which provide solutions to issues of climate change, clean air, water and soil quality, and which deliver economic, environmental and health benefits to Canadians.

The foundation shall, within 5 months of the end of each fiscal year, prepare an annual report of its activities during the preceding fiscal year. The report is to include the foundation's financial statements for the year as approved by the board and the report of the auditor respecting those statements, a detailed statement of its investment activities during the year, its investment portfolio as at the end of the year and its investment policies, standards and procedures, a detailed statement of its funding activities, a statement of its plans for fulfilling its objectives and purposes for the next year and an evaluation of the overall results achieved by the funding of eligible projects by the foundation during the year in review, and since the inception of the foundation.