cutting-emissions

Canada’s greenhouse gas emissions climbed in 2022, after pandemic slowdown

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Canada’s greenhouse gas emissions rose in 2022, as the economy rebounded from the pandemic slowdown, according to figures obtained by Radio-Canada ahead of today’s government announcement. The new National Inventory Report data shows emissions reached 708 megatonnes in that year, compared with 698 megatonnes in 2021. But the office of Environment Minister Stephen Guilbeault said … Read more

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

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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