Details on the tax credit for carbon capture, utilization and storage technology are expected later this month when the Trudeau government unveils its plan for how Canada will cut emissions to achieve their net zero targets by 2050.
Dillon said that Canada has lots of potential reservoirs where carbon could be stored, especially in Western Canada.
“We need to prove it out on a bigger scale than it’s existed so far.
“Once you see carbon capture technology for what it is, it makes sense then why oil and gas firms want it because it serves their interests, which is continuing on that fossil fuel extraction business.
We have the ambition, the know-how, and the plan to build a bright, healthy future for everyone.
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