Canadian Industry Program for Energy Conservation (CIPEC) Funding for TSM Protocol

Country / jurisdiction: Canada · Year: 2015 · Status: In force · Level: National · Type: Voluntary

The Canadian Industry Program for Energy Conservation (CIPEC), a division of Natural Resources Canada (NRCan) offers funding to mining companies pursuing energy efficiency and greenhouse gas reduction through the Toward Sustainable Mining (TSM) standard.

The TSM standard is an internationally recognized sustainability initiative of the Mining Association of Canada, a national industry association whose members account for the majority of Canada’s production of base and precious metals, uranium, diamonds, metallurgical coal and mined oil sands. The standard includes the following seven protocols that mining companies use to measure and publicly report their performance: 1) Biodiversity Conservation Management, 2) Climate Change, 3) Indigenous and Community Relationships, 4) Preventing Child and Forced Labour, 5) Safety and Health, 6) Tailings Management Protocol, 7) Water Stewardship.

Under CIPEC, mining companies that pursue the highest levels of performance under the TSM Climate Change Protocol (formerly the Energy Use and Greenhouse Gas (GHG) Emissions Management Protocol) may qualify to receive 50 percent of eligible costs up to a maximum of $40,000. The Protocol requires mines to establish comprehensive systems for monitoring, tracking, and reporting of energy use and GHG emissions and to set and meet targets for their reduction.

Official source: https://mining.ca/resources/press-releases/federal-government-recognizes-tsms-effectiveness-energy-management/