Earlier this week, Natural Resources Minister Jonathan Wilkinson confirmed to Bloomberg News that the tax credit is on the way, and will likely be included in Freeland’s next budget.
“Deploying CCUS at any climate-relevant scale, carried out within the short time frame we have to avert climate catastrophe without posing substantial risks to communities on the front lines of the buildout, is a pipe dream,” declared the group of signatories led by Dr.
declared a failure, and 81% of the carbon captured to date injected underground to force more oil to the surface through a process called enhanced oil recovery , “carbon capture for the oil and gas sector is not a climate solution,” they added.
Hoicka told CP she was pleasantly surprised to see so many of her colleagues endorse the letter in just a few weeks.
Ottawa also “appears not to have learned anything from the American experience with substantially the same tax credit,” MacLean added.
Eaton and MacLean both pointed to the 80% of the emissions from oil and gas that are unaffected by CCUS, since they occur after the end product is shipped to user and burned.