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Canada plans to expand its investment subsidies for carbon capture technology and hydrogen production and create a C$2 billion ($1.5 billion) fund for cutting emissions from heavy industry, Bloomberg reported citing people familiar with the document late Monday.
Bloomberg also said the government opted not to use a production tax credit for carbon capture and storage to cover operating expenditures, and that there would be C$2 billion in cash grants to help heavy industry decarbonize operations.
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