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Enbridge asks for millions of dollars from the Quebec state

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Albertan Enbridge, which raked in profits of $ 1.78 billion in the last quarter, is asking the Quebec government for millions to help it develop its hydrogen industry, Le Journal has learned. "We are talking about a few million dollars," said in an interview with the Journal Jean-Benoit Trahan, general manager of Gazifre, which belongs to the giant Enbridge, which has its head office in Calgary. Enbridge, which is worth nearly $ 90 billion on the stock market, believes it needs public funds for its natural gas distribution project. Outaouais projects We have regulatory obligations that come from the Quebec government. There is a whole series of aid promised by the government to make the energy transition, explained the CEO of Gazifre. Enbridge wants financial assistance for renewable natural gas and hydrogen projects to serve rural areas of the Outaouais. Satisfied customers According to Jean-Benoit Trahan, the company's customers will be the first winners if Quebec injects public funds into the giant's projects. "We will be able to do projects at reasonable costs, and it is ultimately the customer who will benefit. Its not Enbridge that is going to make more profit necessarily based on the implementation of the project, said Trahan. In Quebec, Enbridge paid $ 948,000 in property taxes for its power generation, pipeline and other projects in 2019, it can be read on its website. Enbridge says it "paid $ 1.8 million in other taxes (including employer payroll taxes, fuel tax and excise tax)" and paid $ 9 million in wages. to its employees here. https://www.journaldemontreal.com/2021/02/22/petrole-et-gaz-enbridge-demande-des-millions--a-letat-quebecois