Canada Advances Clean Hydrogen Sector with New Tax Credits
Key Ideas
- Canada's passage of the Clean Hydrogen Investment Tax Credit through Bill C-69 signals global leadership in clean energy, creating jobs and boosting economic reconciliation with Indigenous partners.
- The tax credits and incentives provided will facilitate the transition to zero-emission renewables, supporting environmental efforts to decarbonize Nova Scotia's grid and move away from coal.
- Partnerships between EverWind Fuels and various First Nations communities, such as Membertou First Nation and Potlotek First Nation, highlight the collaborative approach towards a cleaner and more prosperous future.
- EverWind's commitment to environmental stewardship and engagement with the Mi'kmaq people reflects a core principle of working together towards a sustainable energy transition.
EverWind Fuels, a leading green hydrogen developer in North America, praised the Royal Assent of Bill C-69 in Canada, which includes the Clean Hydrogen Investment Tax Credit to attract investments in clean hydrogen projects. The tax credit aims to create job opportunities, spur economic growth, and generate tax revenues for the government. The legislation will also support efforts to decarbonize Nova Scotia's grid by replacing coal with renewables.
Key Indigenous leaders, including Chief Terry Paul and Chief Wilbert Marshall, commended the federal government for incentivizing investments in clean energy projects. The partnership between EverWind and First Nations communities, like Membertou First Nation and Potlotek First Nation, exemplifies the collaboration towards a sustainable future.
EverWind's acknowledgment of the Mi'kmaq people as the stewards of the land and commitment to environmental stewardship align with their mission of meaningful engagement and social reconciliation. The company's focus on safety, workforce expertise, and extensive partnerships demonstrate a holistic approach to advancing the clean energy sector in Canada.
In addition to the developments in Nova Scotia, EverWind is also working on a green fuels project in Newfoundland & Labrador, emphasizing the importance of large-scale renewable energy projects in supporting the green energy transition. Through partnerships with municipalities, stakeholders, and government entities, EverWind aims to ensure economic, social, and environmental prosperity for future generations.
Overall, Canada's proactive measures in the clean hydrogen sector, coupled with EverWind's commitment to sustainability and community engagement, pave the way for a greener and more prosperous energy future.
Topics
North America
Policy
Clean Energy
Investment
Job Creation
Renewables
Economic Growth
Environmental Stewardship
Indigenous Partnerships
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