FortisBC, Suncor to partner on Port Moody hydrogen pilot project
BNN Bloomberg
FortisBC Energy says it will partner with Suncor Energy and Hazer Group to build a hydrogen pilot project in Port Moody, B.C.
The $11-million pilot project will also be supported with grant funding from the provincial government's CleanBC Industry Fund.
The project will be located at Suncor's Burrard Terminal site and will produce hydrogen from natural gas.
The carbon byproduct produced will be stored as solid synthetic graphite that can be sold for manufacturing or industrial use.
The federal government announced intentions to raise the inclusion rate on capital gains taxes for corporations and individuals earning beyond a certain threshold, which will impact wealthy individuals who are benefiting from tax advantages not available to middle class Canadians, according to the Budget 2024.