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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Why did they not invest in tesla solar and power walls. Very hypocritical to not help the leading company in this field.

Liberal slush fund.

I Can’t believe this crap,Canada broke,and the liberals are spending money like drunken soldiers,billions here and over a billion and a half on our PMs Cambodian trip.

How about helping Canadian children who are goung hungry, the homeless, and vets. This government is the evil within

Where do I apply?

where are all these hundreds of millions coming from?500 to Ukraine, 800 here. JustinTrudeau save some for tomorrow

What are the terms of the deal? Is this just another give away?

A total slush fund for unproven players to claim being green. Just delayed taxation.

Just more money laundering.

Ottawa isn’t giving anything. It all comes out of our pockets!

But no money for Healthcare after a pandemic. Glad thier priorities are in line with Canadians

Why why why do they have to travel ONLY to Vancouver to announce this crap? Couldn’t they have done it in Ottawa, or was the internet fee to Hugh for the Teams meeting? What a waste of money.

Great to see a false market by redistribution and massive associated overhead involved with carbon tax. Will the subsidized product be sold for the benefit of foreign consumers, too?

Green energy is so good, green energy companies can't survive without hundreds of millions of govt support.

They're laughing at you.

More handouts to oil companies? Haven't they already profited enough off of us? Methinks they need more stick, less carrot.

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