Carbon capture, where the carbon dioxide from oil and gas production facilities is sequestered and injected back into the ground, is economically unsound and has a “terrible track record” of delivering emissions reductions, more than 400 Canadian academics and climate scientists said in their letter to Chrystia Freeland.
The federal government will probably include the tax credit in the next budget and detail the goal to cut emissions 40 per cent to 45 per cent below 2005 levels by March, Jonathan Wilkinson, Canada’s natural resource minister, said in an interview this month.
Such efforts would have little impact on the crude oil they produce and ship to refineries for making fuel.
“The danger of using further public money to support oil and gas production is that it will prolong and expand oil and gas production,” he said.
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