Up until 2030, the investment credit rates are set at 60 per cent for direct air capture technology, which sucks carbon dioxide out of the air, 50 per cent for other CCUS projects, including the capture of emissions from oil and gas production and hard-to-decarbonize industries like steel, and 37.5 per cent for storage, transportation and use.
Carbon capture tax credit is Budget 2022’s big-ticket climate item | Canada’s National Observer
