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Ballard Power Systems Inc
Symbol BLDP
Shares Issued 244,289,430
Close 2020-10-05 C$ 23.27
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Globe says Ballard hears Alberta has hydrogen ambitions

2020-10-06 09:29 ET - In the News

The Globe and Mail reports in its Tuesday edition that Alberta is betting big on hydrogen and plastics recycling in its new natural gas strategy, giving a nod to Canada's broader environmental goals as it wrestles with how to resuscitate its economy. The Globe's Emma Graney writes that the strategy includes ambitious goals to establish Alberta as a North America "centre of excellence for plastics diversion and recycling" by 2030, and exporting hydrogen and hydrogen-derived products across North America and the world by 2040. The province also wants to see two or three additional liquified natural gas megaprojects on-line by 2030 so it can export LNG to Asia and Europe, and become a global top-10 producer of petrochemicals. Governments are increasingly eyeing hydrogen as a clean fuel source as they pursue net-zero emission goals. Dale Nally, Alberta's associate minister of natural gas, told The Globe that presents an "incredible opportunity" for the province. "Hydrogen by 2050 is going to be a $3.5-trillion industry, and we want as big of a piece of that for Alberta as we possibly can," Mr. Nally said. "It's not only jobs for Albertans. They're clean energy jobs for Albertans" and the projects help diversify the economy.

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