The federal Liberal government announced its intention to create an investment tax credit for carbon-capture projects a year ago.
Carbon capture, utilization and storage facilities force carbon-dioxide emissions deep into the ground to keep them out of the atmosphere.
That included a new facility at Shell Canada Ltd.’s Scotford refinery complex, as well as partnerships between Suncor Energy Inc.
In Alberta’s oil sands, CCUS anchors a plan to make production net zero by 2050.
A key part of that is CCUS, and Ms. Savage is adamant Ottawa won’t see the take-up it needs if the tax credit doesn’t hit 50 per cent.
is currently developing North America’s first full-scale CCUS facility for the cement industry at its Edmonton plant, with the goal of capturing about 780,000 tonnes of carbon dioxide each year.
Three other sequestration hubs are being explored for the Edmonton region, too: Bison Low Carbon Ventures Inc.