carbon-storage

Shell gives go-ahead to 2 carbon capture and storage projects in Alberta

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Shell gives go-ahead to 2 carbon capture and storage projects in Alberta

Shell Canada has announced it will forge ahead with a pair of carbon capture projects in Alberta, after recent setbacks for other proposed projects in the sector have cast doubt on the technology. The Calgary-based operator said Wednesday it has made a final investment decision for its Polaris carbon capture project at its Scotford refinery … Read more

Carbon capture tax credit could cost taxpayers $1B more than expected, PBO warns

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Carbon capture tax credit could cost taxpayers B more than expected, PBO warns

A controversial tax credit meant to help jump-start carbon capture projects could cost $1 billion more than the federal government estimated, says the independent parliamentary budget watchdog. In several federal budgets, Finance Canada forecast that the carbon capture, utilization and storage (CCUS) investment tax credit would cost $4.6 billion between 2022-28. The Parliamentary Budget Officer … Read more