Canada has a federal carbon tax
Canada CCUS requires CO₂ cost certainty
Administration is looking to embed further policy support to help development of the industry
Greater policy certainty is required for the carbon capture, utilisation and storage (CCUS) industry to start taking FIDs on projects in Canada, according to industry experts. A report by thinktank the Global CCS Institute in 2020 found that no CCUS projects were under development in Canada. But by last year, at least 20 new CCUS developments had been announced in the country, accounting for nearly 10pc of new projects globally, according to Rachael Moore, a CCUS energy analyst at the IEA. “CCUS momentum has surged globally as countries and companies set net-zero emissions targets and define decarbonisation pathways,” Moore tells Transition Economist. “In recognition of the important role CC
Also in this section
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
Recent project approvals have yielded millions of carbon credits linked to the plugging of the US' abandoned wells
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
