I-16.0.1 - Act respecting Investissement Québec

Section 35.1 Disposition versions

2019-12-11

35.1. The Natural Resources and Energy Capital Fund is established within the Ministère de l’Économie et de l’Innovation.

The purpose of the Fund is to expand and grow the sums credited to it through investments in participations in enterprises whose principal activity is

(1)  the development or processing, in Québec, of natural resources, provided that, as concerns processing, a portion of those resources was first developed in Québec;

(2)  the production, storage, transmission and distribution of fuels that, as substitutes for other fuels, including fossil fuels, allow carbon intensity to be reduced;

(3)  the production, storage, transmission and distribution of renewable energy or of fossil fuel substitutes, provided that, in the latter case, such substitutes allow greenhouse gas emissions to be reduced or contribute to the clean energy or hydrogen supply in Québec; or

(4)  the development, commercialization or implementation of technologies that promote energy transition, innovation or effectiveness, reduce fugitive emissions or make the activities referred to in subparagraph 3 possible.

2015, c. 8, s. 28; 2016, c. 35, s. 23; 2019, c. 29, s. 20.

2018-09-20

35.1. The Mining and Hydrocarbon Capital Fund is established within the Ministère du Développement économique, de l’Innovation et de l’Exportation.

The purpose of the Fund is to expand and grow the endowment credited to it through investments in participations in enterprises that mine mineral substances or produce petroleum forming part of the domain of the State or that process such substances or petroleum in Québec, provided that, in the latter case, the substances so processed were first mined or the petroleum so processed was first produced in Québec by an affiliated enterprise.

2015, c. 8, s. 28; 2016, c. 35, s. 23.

2015-07-14

35.1. The Mining and Hydrocarbon Capital Fund is established within the Ministère du Développement économique, de l’Innovation et de l’Exportation.

The purpose of the Fund is to expand and grow the endowment credited to it through investments in participations in enterprises that mine mineral substances forming part of the domain of the State or that process such substances in Québec, provided that, in the latter case, the substances so processed were first mined in Québec by an affiliated enterprise.

2015, c. 8, s. 28.