If Newfoundland hydrogen companies pivot, government says it will collect royalties

News Room
By News Room 5 Min Read

ST. JOHN’S – Despite a lagging market for green hydrogen, the Newfoundland and Labrador government says it still plans to collect royalties from the province’s nascent renewable energy industry.

Steve Crocker, minister of industry, energy and technology, says his department is keeping a close eye on developments in the industry and will come up with an appropriate royalty regime if any of the proposed wind-powered hydrogen operations pivot to focus exclusively on wind energy.

Share This Article
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *