hydrogen investment

Financial Post: Ottawa Giving $800M to clean fuel companies

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Article written by Gabriel Friedman

Natural Resources Minister Jonathan Wilkinson travelled to Vancouver on Monday to announce that the federal government will distribute $800 million to 60 “cutting edge” Canadian companies in the clean fuels space, which notably includes hydrogen — a key part of its climate strategy — but also biodiesel, renewable natural gas, ethanol and renewable aviation fuel.

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.

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