FormerXBC Inc XEBEQ

The long-awaited H2 plan

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Canadas federal government estimated that its clean fuel sector could be worth $39.2 billion by 2050. Should the Canadian hydrogen strategy work out as the country plans, itwould also create 350,000 jobs within that same span of time. The country would still require between $5 billion and $7 billion (CAD) in near-term investments to spur meaningful growth in this industry. The government did announce that it would be investing $1.5 billion (CAD) into low-carbon fuels, which would include H2. the government did announce that it would be investing $1.5 billion (CAD) into low-carbon fuels, which would include H2 reduction over the current energy plan and has the potential to offer a useful pivot for many companies currently floundering in the countrys oil patch.