An Alberta incentive program would be a key step forward for Canada’s nascent carbon capture and storage industry and could spur projects forward
Alberta will finalize an investment incentive program for emissions-cutting technologies like carbon capture and storage in “coming months,” the province’s energy minister, Brian Jean, said on Tuesday.
An Alberta incentive program, which would work alongside a federal government investment tax credit first announced last year, would be a key step forward for Canada’s nascent CCS industry and could spur projects forward. “We’re going to make sure we do a robust consultation to get it right,” Jean told Reuters in an interview. “If we get it right, that means that we’re going see another economic boom here in Alberta.”
A number of companies including Enbridge Inc, TC Energy and a group known as the Pathways Alliance, consisting of Canada’s six largest oil sands producers, are proposing to build major CCS storage hubs.
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