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
28 March 2024
US company aims to accelerate deployment of new technologies offered by Norwegian pureplay CCS firm
26 March 2024
Country has Europe’s largest CO₂ storage potential but regulatory and policy issues must be resolved to enable growth, says Offshore Energies UK
26 March 2024
Largest investment to date will support emission reduction projects across multiple sectors including refining, steel and cement
19 March 2024
Commodity trading companies are set for a key role in shaping green supply chains and providing carbon market liquidity