Industrial Strategy refers to a government policy approach aimed at promoting economic growth and enhancing the competitiveness of specific sectors within the economy. It involves a coordinated framework of measures designed to support industries through investment, innovation, skills development, and infrastructure improvement. The goal of an industrial strategy is to foster a thriving economic environment where businesses can flourish, create jobs, and drive technological advancement. It typically focuses on key sectors of the economy that are deemed essential for long-term growth and stability, such as manufacturing, technology, and clean energy. By aligning the interests of government, businesses, and educational institutions, an industrial strategy seeks to ensure sustainable economic development and resilience against global market fluctuations.
In a significant shift, the Australian energy company Fortescue Ltd. has decided to cancel its plans for a hydrogen generation facility in Prince George, British Columbia. This project, known as…
