The tax credit, originally announced in last week’s federal budget, will see the government help reduce costs for carbon capture, utilization and storage projects.
“Consider technologies like pulling carbon out of the air or capturing it and injecting it into concrete,” said Freeland.
Freeland toured the Alberta Carbon Conversion Technology in southeast Calgary Thursday, a facility that allows for carbon capture technology to be tested and de-risked before being scaled up.
“Alberta has been a world leader in energy and tax credits for carbon capture, usage and storage, will help us to remain at the forefront of the sector.
When the budget was announced last week, several critics stated the government was contradicting itself by setting ambitious emission reduction goals while also scaling up the oil and gas industry.
We have enabled email notifications—you will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments.
This website uses cookies to personalize your content , and allows us to analyze our traffic.