Canada includes forest biomass tech in ‘clean’ tax credits: FPAC – Wood Business ...Middle East

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Canada includes forest biomass tech in ‘clean’ tax credits: FPAC – Wood Business
Forest Products Association of Canada (FPAC) applauds the federal government’s decision to include forest biomass conversion technologies for heat and electricity generation in its Clean Manufacturing and Clean Electricity Investment Tax Credits (ITCs). The move was announced in yesterday’s Fall Economic Statement tabled in the House of Commons by Finance Minister Chrystia Freeland. “This decision marks a significant step forward to grow Canada’s forest bioeconomy and will encourage additional market use for low-grade wood in the face of worsening fire patterns,” said FPAC president and CEO Derek Nighbor. “It’s good news for forestry workers and communities because this will improve our se

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