CALGARY — Ottawa is urging oil and gas companies to move quickly to take advantage of a major new tax credit for carbon capture and storage technology. In the federal budget announced Thursday, the Liberal government said it will allocate $2.6 billion.
OTTAWA Canada will offer a substantial incentive to companies that invest in carbon-capture technologies and will set aside as much as C$3.8 billion ($3…
Alberta’s UCP government says it’s encouraged by Ottawa’s offer to cover half the cost of new carbon capture technology to cut down greenhouse gas emissions.
Prime Minister Justin Trudeau is rolling out one of Canada’s largest single industrial tax incentives to fund carbon capture projects as his government tries to deliver on ambitious climate goals.
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