Oil-sands companies hunting for more federal carbon-capture aid despite major tax credit

CALGARY — Heavy polluters received a major financial boost last April when the federal government introduced a new carbon-capture tax credit, which will allow companies to write off at least 50 per cent of the cost to build new sequestration facilities. The highly anticipated program is expected to cost $7.1 billion between now and 2030. 

But oil-sands companies, for their part, are calling for more. The industry has been in negotiations with government officials for a range of additional supports that they argue will make their carbon-capture projects viable, from direct funding arrangements to market controls that would guarantee the price polluters receive when selling their carbon offsets.

    Subscribe now to start reading premium, award-winning journalism.

    By entering your e-mail you consent to receiving commercial electronic messages from The Logic Inc. containing news, updates, offers or promotions about The Logic Inc.’s products and services. You can withdraw your consent at anytime. Please refer to our privacy policy or contact us for more details.

    In-depth, agenda-setting reporting

    Great journalism delivered straight to your inbox.


    GM, Posco get millions in government funding for EV battery-materials facility in Bécancour

    Canadians’ spending falling in major cities like Toronto, Vancouver, Calgary

    Clear Finance said to be biggest SVB Canada debtor as loan book deadline looms

    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.

    Canada's most influential executives and policymakers are reading The Logic

    • CPP Investments
    • Sun Life Financial
    • C100
    • Amazon
    • Telus
    • Mastercard
    • bdc
    • Shopify
    • Rogers
    • RBC
    • General Motors
    • MaRS
    • Government of Canada
    • Uber
    • Loblaw Companies Limited