OTTAWA, Sept 18 (Reuters) - More than a year after Canada first announced incentives to jumpstart clean technology projects there is still no money flowing, and if they are not in place soon, more than C$50 billion ($37 billion) in investments could be at risk, industry groups said.
The government "urgently needs to get as much of this out the door this fall as possible."
Masterson says there are "well beyond C$25 billion of proposed investments" in more than a dozen projects in his industry that are waiting for the incentives.
An additional C$17 billion in ITCs for clean hydrogen, electricity and manufacturing were announced six months ago and those are at an earlier stage.
Adam Auer, president of Cement Association of Canada, said his members have "billions" in projects that are waiting on the ITCs.
Persons:
Justin Trudeau's, Bob Masterson, Masterson, Trudeau, Dennis Darby, Darby, Adam Auer, Rachelle Schikorra, Steve Scherer, Timothy Gardner
Organizations:
Canada, Justin Trudeau's Liberal, Chemistry Industry Association of Canada, Canadian Manufacturers, CME, Cement Association of Canada, Dow Chemicals, Reuters, Thomson
Locations:
OTTAWA, United States, U.S, Exshaw , Alberta, Canada, Fort Saskatchewan , Alberta