Each organization is allocated a fixed number of EU Allowances , representing a carbon credit of one ton of CO2 that may be emitted annually. As highlighted by a working paper released by ClimateTrade, the price of these mandatory credits skyrocketed in the last four years from €6 at the start of 2018 to €80 […]
The 304-page document confirms funding for the $9.1 billion in new measures announced in the government’s Emissions Reduction Plan last week, while adding $2.6 billion over five years for the CCUS tax credit. “Carbon pricing is an important part of driving Canada towards a cleaner economy,” the budget states, in a section that acknowledges the […]
It’s not a big-ticket expense for the government in the next few years, but it will escalate as construction gets underway on the plethora of proposed facilities. Some companies collect their emissions and pump the gases into oilfields to boost production, which is known as enhanced oil recovery. That should light a fire under the […]
Wilson’s post appeared just a day before Finance Minister Chrystia Freeland tabled a 2022 budget that contained a long list of green economy and affordable housing measures, but drew climate hawks’ wrath with its promise of C$7.1 billion in carbon capture tax credits over an eight-year span. “That’s because it’s faster and cheaper to scale […]
Muhamad Umar said two-thirds of listed companies on Bursa Malaysia experienced losses during Covid-19. …Read the full story
It’s also one of the world’s more significant contributors to climate change and, of the so-called ‘developed’ nations, one of the most reticent to abandon its attachment to the fossil-fuel sector. In Australia, carbon drawdown has additional benefits. Agriculture is at once part of the problem and a key to the solution. Farming requires clearing […]
Alberta has leaned heavily into investing in CCUS technology to tackle its emissions, and federal credits of up to 75 per cent have been called for by some industry proponents. In late March, Prime Minister Justin Trudeau’s Liberals announced a goal of reducing emissions more than 40 per cent below 2005 levels by 2030 — […]
The legislation will also allow for an income tax credit for established farmers as they sell or rent their agricultural assets to beginning farmers who take a qualified financial management course. …Read the full story
Starting in 2022, companies will be able to claim a tax credit of up to 60 per cent for direct air capture projects and 50 per cent for all other eligible carbon capture projects. “It’s potentially a lot of money, and especially very quickly,” Fellows said of the tax credit. Canadian oil and gas companies […]
The government also announced measures designed to encourage investment in the development of carbon capture, utilization and storage technologies, and to facilitate mining for “critical minerals” such as nickel, lithium, cobalt and zinc. …Read the full story
This setting is controlled by cookies and should your cookies be re-set you will then be directed to the regional edition associated with the geographic location of our IP address. Note: Search is limited to the most recent 250 articles. From 2022 through 2030, the investment tax credit rates would be set at 60% for […]
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 […]
LexisNexis may contact you in your professional capacity with information about our other products, services and events that we believe may be of interest. You can manage your communication preferences via our Preference Centre or via the unsubscribe link provided within our communications. …Read the full story
“This in and of itself probably isn’t enough for a final investment decision, but it’s a very important step. The government will extend a C$5,000 incentive for buying electric vehicles – begun in 2019 – to March 2025. Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching […]
Starting in 2022, companies will be able to claim a tax credit of up to 60 per cent for direct air capture projects and 50 per cent for all other eligible carbon capture projects. Canadian oil and gas companies have reported record profits in recent months due to soaring commodity prices. Some of the companies […]
The Trudeau government’s new fiscal plan also includes a 60-per-cent credit for investment in direct air capture technologies to remove carbon from the atmosphere. Conventional oil producers in particular were disappointed with the federal government’s decision to opt against extending the credit to projects that capture carbon dioxide for use in enhanced oil recovery , […]
Starting in 2022, companies will be able to claim a tax credit of up to 60 per cent for direct air capture projects and 50 per cent for all other eligible carbon capture projects. Canadian oil and gas companies have reported record profits in recent months due to soaring commodity prices. Some of the companies […]
The international scientific community says unequivocally that the world must reduce dependence on coal, oil, and natural gas to meet climate targets. Industry proponents are also lobbying for gas to be added to green finance rules, which would open new sources of capital for gas projects. Instead, natural gas and LNG are fundamentally unsustainable, given their greenhouse […]
