A $100B opportunity: Alberta could emerge as Canada’s first hydrogen energy hub, report says

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The rest of the hydrogen produced in Alberta is considered “gray hydrogen,” because the CO2 emissions associated with its production are not captured.

We already have a good hydrogen economy in Alberta

Dan Wicklum, Transition Accelerator

“We already have a good hydrogen economy in Alberta. It’s an industrial economy. We make hydrogen and we use it to make fertilizer,” said Dan Wicklum, the Calgary-based CEO of Transition Accelerator.

Wicklum said governments previously tried to reduce emissions by mandating certain sectors reduce their emissions to targeted levels either through regulation or taxation, but a hydrogen-based energy system could enable countries around the world to set and meet net-zero carbon targets.

Despite the potential for Alberta and Canada to be a hydrogen supplier, international competitors are already moving into the market.

“Our competitors so far are Australia and Saudi Arabia,” Wicklum said, noting that both countries have already sold hydrogen of hydrogen to buyers in Japan.

In September, Saudi Arabia sent a shipment of blue hydrogen to Japan, said to be the world’s first shipment of the energy source.

We are equipped to pick up the ball and run with it

Dale Nally, Associate Minister of Natural Gas

Alberta’s abundance of natural gas will make it the second cheapest supplier of hydrogen in the world, after Russia, Alberta’s Associate Minister of Natural Gas Dale Nally said Monday.

Nally said multiple projects in Western Canada could allow Alberta to grow its hydrogen production, including two fully permitted pipelines that had been planned to connect natural gas fields with LNG export projects that could be repurposed to export hydrogen.

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How to manage the optics of the $100b JobKeeper boondoggle

It is just not a superior glimpse when corporations get massive wage subsidies and then pay out tens of millions to shareholders.

Premier Investments proprietor Solomon Lew and Prime Minister Scott Morrison (Image: AAP/Ellen Smith)

Soon after the AFR splashed with the headline “JobKeeper results in being DividendKeeper” yesterday there was really a pile on against corporations getting big wage subsidies when paying out elevated dividends to shareholders. And truthful more than enough. The optics are awful.

The initial target was on two stores, Adairs and Nick Scali. Adairs declared a significant $11.3 million payout to shareholders, together with a tasty $400,000 to chief government Mark Ronan, and Nick Scali enhanced its dividend to $3.9 million, most of which goes to the founding Scali relatives.

But this is an problem which will be marketplace-broad, not just stores. Yesterday dentist chain 1300 Smiles revealed it would spend $2.9 million to shareholders soon after getting $1.8 million in JobKeeper payments.

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