Canadian cleantech company Svante Inc. invested $165M in a carbon capture facility, but ineligibility for federal tax credits could lead to relocation to the US.
Canadian cleantech company Svante Inc. invested $165M in a carbon capture facility, expecting eligibility for the federal clean technology manufacturing investment tax credit. However, their facility is ineligible, leading CEO to consider Canada's lagging financial support and potential relocation to the US. The gap in support between Canadian and US governments may encourage more carbon capture solution providers to move south.
May 18, 2024
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