One of the project recipients is Atura Power, which will receive $3 million (CAD 4.1 million) to blend hydrogen with natural gas to produce electricity at Halton Hills Generating Station.
Oil dropped after struggling for direction in a low-volume session as OPEC+ tries to resolve a disagreement over output quotas that forced the group to postpone a pivotal meeting.
'Bearish price action has been driven by macro concerns and large global supply growth while bullish moves are being driven by expectations for further OPEC+ cuts and positioning'.
Almost 10 million Iranians have slipped into poverty from a combination of sanctions, bad economic management and volatile oil prices during a 'lost decade' of growth.