Burying our heads, and carbon dioxide, in the sand

Whether carbon sequestration is Canada’s policy of choice or of necessity, more capacity needs to be proved up, and urgently.

Environment and Climate Change Minister Steven Guilbeault, pictured in November 2020. Budget 2022 sets credit rates at 60 per cent for investment in equipment to capture carbon dioxide via direct air capture, 50 per cent for capture by other methods, and only 37.5 per cent for investment in the transportation, storage, and use of CO2.

Opinion

BY KATHRYN KAVANAGH

June 22, 2022

Budget 2022 adds detail to the investment tax credit for carbon capture, utilization, and storage proposed in the previous budget. Credit rates are set at 60 per cent for investment in equipment to ca...

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