Freeland unveils tax credits of 30-40% for investment in clean technology and hydrogen

  • 📰 financialpost
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 85%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Ottawa has announced tax credits for investment in clean technology and hydrogen to try and keep up with U.S. incentives. Read more here.

The credit will be available from the first day of next year’s federal budget and will end in 2035.

“With major investment tax credits for clean technology and clean hydrogen, we will make it more attractive for businesses to invest in Canada to produce the energy that will power a net-zero global economy,” Deputy Prime Minister Chrystia Freeland said in a prepared statement. The bill, which passed the U.S. House of Representatives in August, has little to do with inflation but will result in dramatic changes to the American economy in service of the country’s climate goals through a mix of tax incentives, grants and loan guarantees aimed at boosting clean energy and clean transportation.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Didn't we learn anything from Ontario and its Green Windmills? As for hydrogen The Hydrogen Hoax

Clean energy cannot stand in its “feet” only if is subsidized which taxpayers money.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Three Chinese companies ordered to divest as Ottawa moves to protect critical mineral industryCanada and its allies are desperately trying to upend China\u0027s dominance in the field and create a more stable and reliable supply chain Finally. TrudeauIsDestroyingCanada fchina
Source: nationalpost - 🏆 10. / 80 Read more »