Enbridge CEO Says Federal Incentives for Clean Tech Will Spur Investment in Canada

Ottawa is creating two new federal tax credits for clean technology and low-emitting hydrogen production
Nov 8, 2022 11:30 AM ET
Enbridge Inc. chief executive Al Monaco. PHOTO BY GREG SOUTHAM/POSTMEDIA FILES

Originally published by Financial Post

CALGARY — The new incentives for clean energy development in the federal government’s fall fiscal update will make a real difference in helping to attract investment capital to Canada, the chief executive of Enbridge Inc. said Friday.

On a conference call to discuss the pipeline giant’s third quarter financial results, CEO Al Monaco said the Calgary-based company is encouraged by measures announced by Finance Minister Chrystia Freeland on Thursday.

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