Finance Minister Chrystia Freeland and Natural Resources Minister Jonathan Wilkinson are developing new measures, which could be signalled in the upcoming fall economic statement and detailed in the spring 2023 budget, sources told Bloomberg. (Bloomberg)

Talking point: The Liberal government announced much-awaited carbon capture, utilization and storage tax incentives in April’s budget, but energy-industry groups said it might not be enough to prompt such projects. By August, those calls were getting more pitched as the US$369-billion climate package in the Biden administration’s Inflation Reduction Act widened the financial gap between U.S. and Canadian programs. Ottawa’s mooted new measures would sit atop a pile of other green-money promises, including a 30 per cent credit for cleantech investment, similarly announced in this year’s budget. Ottawa has also pledged $8 billion to finance industrial projects that decarbonize the economy, and has been writing nine-figure cheques for EV factories, steel plants and mineral operations. At a funding announcement Tuesday, Prime Minister Justin Trudeau promised “further steps to make sure we continue to be competitive” post-ICA.