British Columbia aims to attract CCUS projects
Canada extends CCUS tax credit to British Columbia
Support currently only available to projects in Alberta and Saskatchewan to be extended as part of C$520mn package of policy enhancements
Canada plans to extend its CCUS investment tax credit regime to include projects using dedicated geological storage in British Columbia, according to proposals outlined this week in the federal government’s 2023 budget. The current regime, set out last year, is limited to projects in Saskatchewan and Alberta, which have attracted the bulk of recent investment in the technology. Alberta, which is promoting the development of hubs including for blue hydrogen production, has recently become a CCUS hotspot. But British Columbia is also ramping up efforts to attract investment. The government recently overhauled regulation around CCS and highlighted the province’s potential, especially the Wester
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
Recent project approvals have yielded millions of carbon credits linked to the plugging of the US' abandoned wells
