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Investors - DECEMBER 23, 2020

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Canada unveils ‘hydrogen strategy’

by Released

The Canadian government has plans to increase the country’s hydrogen production.

The government’s “Hydrogen Strategy for Canada” seeks to position the country as a leading global producer of hydrogen and to ensure its path toward net-zero carbon emissions by 2050. Ottawa has also pledged to invest C$1.5 billion ($1.17 billion) in a low-carbon and zero-emissions fuels fund to boost production of low-carbon fuels, including hydrogen. The strategy is designed to spur investment and is expected to create 350,000 jobs.

 

Daniel Brock, co-leader of Canadian law firm Fasken’s Hydrogen Energy Advisory Team (H2EAT) and a leading figure in Canadian government relations, responded to the government’s announcement: “The new Federal Hydrogen Strategy is a comprehensive plan that would put hydrogen at the center of Canada’s transition to cleaner energy on the path to net zero. This is a very positive move. But the test for this new strategy is — what h

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