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)
Skip to content
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.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
Commentary
Carmichael: Canada’s sovereignty needs more than a strong economy
Briefing
Enbridge says Pathways and other pipeline projects still hinge on final energy deal
Brookfield’s Teskey says AI infrastructure needs ‘social licence’ as firm raises US$25B
Pembina in talks for next phase of Meta-linked data-centre power project
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
