Ottawa to give out $800 million to clean fuels companies, with more funds to come

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Ottawa announces $800 million in funds for clean fuels companies, with more to come

It represents the first tranche of funding distributed from the federal government’s $1.5 billion clean fuels fund, and Wilkinson said a second tranche of funding would be announced in December.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.

Separately, he announced his department would distribute $9 million to six organizations that would build 10 hydrogen and natural gas refueling stations, located in Alberta, British Columbia and Ontario. Still, the high cost of producing clean hydrogen, questions about how to safely transport it, inefficiencies in storage and production, and the lack of fuelling infrastructure have helped prevent the scaled adoption of hydrogen, either as an alternative energy or as a fuel.But with NRCAN’s announcements on Monday, as well as the U.S. Inflation Reduction Act, which provides production tax credits of up to US$3 per kilogram, momentum may be shifting for hydrogen.

One proposal is that heavy duty trucks and buses, trains and marine vessels could switch from diesel to hydrogen. Another idea is that Canada could export hydrogen as a fuel as the transition away from fossil fuels progresses.Article contentBut today, much of the hydrogen produced in Canada, and indeed around the world, is made from fossil fuels, and used as a petrochemical or to make fertilizer, which releases greenhouse gases into the atmosphere.

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Ottawa to give out $800 million to clean fuels companies, with more funds to comeOttawa has dipped into its clean fuels\u002Dfund announcing $800 million for 60 companies in the sector\u0027s \u0027cutting edge.\u0027 Read on. More handouts to oil companies? Haven't they already profited enough off of us? Methinks they need more stick, less carrot. They're laughing at you. Green energy is so good, green energy companies can't survive without hundreds of millions of govt support.
Source: nationalpost - 🏆 10. / 80 Read more »