Standing at the front of a room full of Calgary business leaders, Randy Boissonnault seemed to know better than to expect an enthusiastic reception.
If Boissonnault felt inclined to be more candid than usual in his comments to the Calgary Chamber of Commerce crowd on April 11, it may have helped that he was not arriving in Alberta empty handed.
“It’s a big, heavy lift,” Boissonnault told reporters after his Calgary speech.
The credit has been met with cautious enthusiasm from energy leaders who had previously called on the federal government for supports covering 50 to 75 per cent of the costs of CCUS through an investment tax credit.
Companies are unwilling to pour financial and human resources into projects when uncertainty remains around the future price of carbon, experts say.
Both industry and federal political leaders say they also are waiting to see if the Alberta government will put more money on the table to accelerate development of CCUS technology.
“There’s a great risk that if we hadn’t done a tax credit like this, that you could just see all the oil and gas companies taking profits and just leaving it ride,” he said.
Boissonnault said the pair spoke for an hour about critical minerals and the possibility of a continental energy strategy between Mexico, the United States and Canada.
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