EverWind Praises Canada Federal Government’s Clean Energy Leadership.
EverWind Fuels (“EverWind”), North America’s leading green fuels developer, with green hydrogen hub projects in Atlantic Canada, today praised the federal budget for its ongoing commitment to ensuring Canada maintains an edge in the fiercely competitive global clean energy space.
Budget 2024 builds on a series of public policy announcements first introduced in the 2022 Fall Economic Statement in response to the U.S. Inflation Reduction Act.
Key items in today’s budget that will help Canada remain an attractive destination for clean energy investment and talent include:
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- A retooled and extended Clean Fuels Fund which will help build Canada’s green energy economy of tomorrow. Funding clean energy projects through this program will help Canada secure the coveted first mover advantage that is being sought by jurisdictions around the world.
- Full program details about the Indigenous Loan Guarantee Program which will ensure economic reconciliation is at the centre of Canada’s climate action leadership. Providing up to $5 billion in loan guarantees will unlock significant opportunities for Indigenous communities and ensure Canada’s emissions reductions agenda benefits from their leadership and expertise.
- Confirmation the federal government will soon introduce legislation to deliver the Clean Hydrogen Investment Tax Credit and the Clean Technology Manufacturing Investment Tax Credit. The federal government’s suite of ITCs are critical public policy tools that will enable Canada to remain a globally competitive jurisdiction when it comes to clean energy.
Trent Vichie, Founder and CEO, EverWind Fuels, said:
Today’s budget confirms once again that Canada is putting the fulsome set of public policy tools in place to ensure we will be a leader in the future energy economy.
“We commend the leadership of Ministers Freeland, Wilkinson, Champagne, Fraser and Canada’s world-class public servants, who are helping EverWind develop an industry that will create good jobs, reduce emissions and bolster economic reconciliation with our Indigenous Partners.”
Chief Terry Paul, Membertou First Nation, said:
We are proud of the partnership we’ve built with EverWind, Canada’s leading developer of clean energy.
“We commend the federal government for its Indigenous Loan Guarantee Program that will ensure our communities are at the heart of Canada’s energy transition”
Chief Wilbert Marshall, Potlotek First Nation, said:
We are pleased to see the federal government is creating the programs and supports that will enable Potlotek First Nation to be an equity partner in this transformational project.
“Our partnership with EverWind shows clearly that economic reconciliation and emissions reductions go hand in hand.”
Chief Cory Julian, Paqtnkek First Nation, said:
First Nations have long recognized that sustainability is the driving force behind prosperity.
“Today’s budget shows yet again that the federal government recognizes the role we play in creating the economy of tomorrow and we stand ready to help Canada win this global race.”
Recognition of the Mi’kmaw & their Ancestral Territory
EverWind acknowledges the ancestral and unceded territory of the Mi’kmaq people, and we acknowledge them as the past, present, and future caretakers of this land, Mi’kma’ki. Our work shares a core principle practiced by the Mi’kmaq: environmental stewardship. We are committed to working with the Mi’kmaq through consultation, engagement and delivering a comprehensive partnership on all aspects of the project.
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EverWind Praises Canada Federal Government’s Clean Energy Leadership. source
