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 […]
Ottawa is expected to unveil its promised carbon capture investment tax credit in next week’s federal budget. “We shouldn’t see this as a silver bullet. The technology is expensive and has been slow to scale up, in spite of having been around for decades. The emissions reduction plan tabled by the federal government Tuesday envisions […]
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Kazakhstan’s biggest oil producer has altered output at the giant Tengiz field following protests in the country, while Libyan production has also been crimped. The OPEC+ alliance this week stuck with a scheduled output boost of 400,000 barrels a day for February, but the group is unlikely to meet that threshold as some members struggle to achieve their targets. […]
Oil has staged a partial recovery this month after tumbling into a bear market at the end of November due to the emergence of the new Covid-19 variant. The IEA expects global oil inventories to swell early next year as supplies remain plentiful with the Organization of Petroleum Exporting Countries and its allies ramping up […]
With increasing mainstream adoption in 2021, blockchain is emerging as an important solution for automating the data behind carbon accounting. The initial demonstration project, Zero Genesis, takes place at a carbon sequestration site in Alberta. The project’s carbon tokens have been issued on the low-energy consumption Cardano public blockchain network. From his perspective at AWS, […]