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News headlines trumpeted that the federal budget was setting aside more than $80 billion for cleantechnology tax credits over the next 12 years. That's a big number. Adjusting for the size of our economy, it is twice as ambitious as the US$369 billion that will be spent over 10 years as part of the U.S.
The report highlights Key’s progress as a responsible bank and corporate citizen, including across the four ESG priorities of: climate stewardship; financial inclusion; diversity, equity, and inclusion; and data privacy and security. The 2021 ESG Report can be found at www.key.com/ESG. In 2021, Key invested $5.1 billion at December 31, 2021.
For companies that fall short of those markers, the 15% cleantechnology and hydrogen tax credits will fall to 5%. billion over 12 years in income tax reductions for zero-emission technology manufacturers; • A $520-million top-up to the existing $7.1-billion Key elements of the $491-billion budget include : • An 11-year, $25.7-billion
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