26Content of Investment Mandate

26 Content of Investment Mandate

26 Content of Investment Mandate

(1) In giving a direction under section 25, the Minister—

(a) must have regard to the objects of the Corporation, and

(b) must have regard to environmental, social, and governance principles, best practice labour principles, skills and training, local content procurement, and First Nations participation.

(c) may have regard to other matters the Minister considers relevant.

(2) Without limiting subsection (1), the Investment Mandate may set out the policies with which the Corporation must comply, including policies about the following—

(a) matters of risk and return,

(b) clarification of types of technologies, projects and businesses that are eligible for investment,

(c) making capital investments,

(d) the types of financial instruments in which the Corporation may invest,

(e) the types of derivatives that the Corporation may acquire,

(f) the nature of the guarantees the Corporation may give and the circumstances in which the guarantees may be given,

(g) operational matters,

(h) the public policy goals and societal benefits being considered in investment decisions,

(i) the role of the Corporation in relation to other entities operating in clean energy.