Canada's major federal tax credit for carbon capture projects nears enactment in Senate.

Canada's Finance Minister Chrystia Freeland announced that a major federal tax credit for carbon capture projects is almost in place, with the legislation in the second-last stage in the Senate and expected to be enacted soon. This tax credit is crucial for Canada's largest oilsands firms to progress on their promised carbon capture projects, which are a significant element of Canada's strategy to meet its greenhouse gas emissions targets by 2030.

June 11, 2024
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