World Energy welcomes Canada’s decision to supports clean hydrogen production through Budget23

In Canada, World Energy GH2 congratulated Deputy Prime Minister and Minister of Finance Chrystia Freeland on the tabling of Budget23 “A Made-in-Canada Plan” in the House of Commons. The firm said that the budget provides details around the Clean Hydrogen Investment Tax Credit (ITC) announced in the Fall Economic Statement, and outlines the role of the Canada Growth Fund in helping to launch Canada’s green hydrogen sector. “All of Canada wins when clean energy wins,” said John Risley, a Director at World Energy GH2. “Budget23 sets the right conditions for the establishment of a multi-billion-dollar clean hydrogen sector in Atlantic Canada. Our project will be one of the largest private-sector investments in the history of the region, and there is more to come.” “Canada has committed to helping our allies in Europe transition to cleaner energy, supplied by stable countries. This commitment was reflected in German Chancellor Olaf Scholz’ and European Commission President Ursula von der Leyen’s visits to Canada. Now, it is time to make good on that promise and deliver our first shipments of clean hydrogen in 2025. Budget23 sends a signal across the Atlantic that our allies can count on Canada,” Risley added.

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