Canadian Budget Proposes New Investment Tax Credit For Carbon Capture, Utilization and Storage
Following Canada’s announcement of its 2030 Emissions Reduction Plan on March 29, 2022, for achieving a net-zero economy by 2050, the Budget establishes a refundable investment tax credit for Carbon Capture, Utilization and Storage beginning in 2022. The CCUS Tax Credit incentivizes the expansion of CCUS technologies to reduce emissions in high-emitting sectors. Eligible equipment […]