Details on the tax credit for carbon capture, utilization and storage technology are expected later this month when the Trudeau government unveils its plan for how Canada will cut emissions to achieve their net zero targets by 2050. It is expected that details on the tax credit will follow in the federal budget, presumably in early April.
CCUS is the process of capturing and storing carbon dioxide from heavy industries – such as oil and gas, cement, steel and fertilizers – and either storing it underground in depleted reservoirs or repurposing it to make entirely new products. , federal ministers Jonathan Wilkinson and Steven Guilbeault confirmed that the government is proposing “a tax credit to help drive the growth of Canadian CCUS technologies”, while stressing that it “cannot be used for CCUS activities designed to extract more petroleum.
Why are we funding business ventures?
Then carbon tax is going to jobs and industry not pot holes in Montreal. I applaud this request. It should be a no brainer for the eco-bandits.
why don’t they just burn our money for heating…ffs
Criminal agitator.Environment minister.What an insult to Canada from Quebecers
Why is no one asking Calfrac Well Services (Calgary head office) to stop their $122M revenue business in Russia? One of the last Canadian companies still operating in Russia.
Yes, credits for profits and no taxes.....double whammies as usual.
First of all, bald statements absent any who, what, where, why, when lacks journalistic integrity.
WELL ISN'T WHY WE PAY THE TAXES SO THE LIBERALS CAN PAY TO GET THE EMISSIONS DOWN TO TO THE LEVELS WHERE THEY SHOULD BE AND NOT FOR THE LIBERALS TO WASTE ON THEIR BUDDIES.
I love 'industry wants' CEO's want! 2021 Canadian CEO'S took home over 2B in profit sharing bonuses. These are the same people who said the increased minimum wage and the pandemic restrictions would bankrupt the Canadian economy. Such BS. Fix the environment
The only carbon capturing technology Ottawa should be funding is the planting of millions of trees
Can we have some scientific debates, economical debates, realistic debates before we completely bury our nation in a hole we can't come out of? Show us proof. Give us facts. On a scale that is realistic.
They mean taxpayers. They don't pay taxes. They pay shareholders and their CEOs. They gouge customers. They can pay their own costs for the pollution they create. No tax money to them. Not one cent.
Public enemy 1