On April 16, 2024, the Canadian Government released the 2024 federal budget, including details on the much-anticipated federal Indigenous Loan Guarantee Program ILG Program. First announced in the government s 2023 Fall Economic Statement, the ILG Program will provide up to $5 billion in loan guarantees to Indigenous communities, and support Indigenous communities to share in Canada s prosperity and benefit from the new opportunities ahead.
On April 3, 2024, the Alberta Government released additional details on the Alberta Carbon Capture Incentive Program ACCIP, which will support and accelerate the development of new carbon capture, utilization and storage infrastructure in Alberta. It is now open for industry and carbon sequestration hub operators to apply for ACCIP pre-approval, and the ACCIP rollout now includes more detail around the ACCIP s key features, eligibility criteria, eligible costs and the application process.