FormerXBC Inc XEBEQ

RE:Ottawa’s long-term plan to increase hydrogen

[Resilience19]

In all this Qubec government and businesses are certainly aligning their duck to fully embrace this new energy transition - not unlike how it did in the 1950s with the nationalisation (not to be expected for Hydrogen though) of hydro-power, under Hydro Quebec. Today HQ is capitalizing on its huge green hydro-electricity production capacity to enter the hydrogen production arena, while working alongside Quebec - based private sector (i.e Enerkem). With Sophie Brochu at the helm of HQ, and formerly of Energir, you can be sure that Xebec will also come to benefit - through its RNG and Hydrogen verticals. As seen with Quebec's long term hydro-energy strategy, these take time to put in place but once in full swing the oligopoly of actors are bound to benefit - in Quebec's case both for themselves and the broader society, due to a legislated level playing field put in place, but which doesn't preclude the private sector to reap much higher benefits outside Quebec. In short, XBC couldn't be at a better place at a better time, in large part, thanks to Kurt's foresight.

ZouZS3 wrote:
We are announcing a big first step for hydrogen in Canada,ORegan said the clean-burning fuel could provide up to 30 per cent of Canadas energy needs by 2050. He said it could be an industry worth $50 billion and could provide 350,000 jobs.Hydrogen could transform almost every sector of our economy.https://www.thestar.com/politics/federal/2020/12/16/canada-says-hydrogen-is-key-to-tackling-climate-change-but-will-its-plan-prop-up-the-fossil-fuel-industry.html