The Business Council of Canada said the federal government should “aggressively pursue” carbon-capture, -utilization and -storage (CCUS) technology, and introduce a “significant investment tax credit” to incentivize new projects as part of its recommendations for how to achieve Canada’s 2030 emissions-reduction plans. (The Logic)

Talking point: The recommendations come as Ottawa prepares its annual budget, bringing new urgency to the ongoing private-sector push to develop a CCUS industry in Canada. Oil-sands companies in particular have been calling for an investment tax credit in the budget, saying it is a cornerstone of their plans to drive down on-site emissions to net zero by 2050. Chief executives at Shell Canada, Suncor Energy, Enbridge and Cenovus Energy were all involved in crafting the BCC’s recommendations. The submission also calls for offsetting the “financial risk” of CCUS with low-cost financing, long-term certainty on carbon taxes, and access to carbon credits.