dynaCERT and Galaxy Power Applaud the Canadian Clean Technology Tax Incentives of Budget 2022 - Seite 2

Enhancing Growth of Canadian Companies:

Galaxy Power and dynaCERT believe that the Clean Tech Incentives in Budget 2022, along with the Budget 2021 proposed expanded Clean Technology Flow Through Share policy, when successfully implemented, can greatly enhance the much-needed financing capabilities of Clean Technology companies in Canada while at the same time contributing to the Canadian Government’s objectives of reducing Canadian GHG’s and enhancing rapid Canadian economic growth from coast to coast.

The Clean Tech Incentives in Budget 2022 are seen as being in accordance with the objectives of the Paris Agreement of the United Nations, which is a legally binding international treaty on climate change.

Importance of Tax Incentives:

As opposed to government grants, significant tax credits and Clean Tech Incentives as the ones contained in Budget 2022 bring to the private sector the impetus to make business decisions based on reducing GHG’s and places the incentive to invest in Clean Technology on the private sector while using private sector capital as opposed to direct investing by governments.

The new Clean Tech Incentives clearly demonstrate the Federal Government’s recognition of the need to involve private sector capital to combat GHG’s.

This involvement of private sector capital is seen as consistent with, and an important precursor to, a continued expansion of Clean Technology Flow Through Share policy which could bring vast amounts of additional capital from the Capital Markets in Canada.

Creation of Jobs Throughout Canada:

Galaxy Power and dynaCERT believe that Clean Tech Incentives can create numerous jobs across the nation, for individual workers, scientists, engineers, researchers, entrepreneurs as well as start-ups and large multinationals, and many other contributors, of all employment ages, in urban and remote areas of Canada.

Galaxy Power has indicated in its talks with government officials that thousands of jobs have been created with the multiple Billions of dollars of the national Mining and Oil & Gas investments attributed to Flow Through Shares which were first magnificently instituted by successive Canadian Governments since approximately four (4) decades ago and endorsed by successive Provincial Governments.

Jean-Pierre Colin, President & CEO of Galaxy Power stated, “The historic changes contributing to the new Clean Tech Incentives contained in Budget 2022 are very significant for all Canadians. Galaxy Power warmly thanks and applauds the Canadian Government and all of the politicians and Members of Parliament and the senior government officials who put forward strong climate change action by endorsing new Clean Tech Incentives.