Carbon capture and storage is a technology that captures greenhouse gas emissions from industrial sources and stores them deep in the ground to prevent them from being released into the atmosphere.
The oil and gas industry has been lobbying for a tax credit to help pay for projects like a proposed carbon capture network in the oilsands producing region of northern Alberta.
Environmental think tank the Pembina Institute says capturing and storing C02 from oilsands facilities, refineries and gas plants could reduce Canada’s emissions by 15 million tonnes by 2030.
This report by The Canadian Press was first published March 30, 2022.
The Canadian Press
Carbon capture tax credit a divisive topic; opinions split over potential benefits - Energeticcity.ca
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