On Friday, Canadian Prime Minister Justin Trudeau urged the Alberta government to use its budget surplus to help bolster tax credits meant to help scale up carbon capture and storage, and reduce emissions. After the U.S. passed the Inflation Reduction Act, which included massive tax credits to develop carbon capture, utilization and storage (CCUS), the Canadian oil and gas industry has been seeking an increase to what was promised in the April federal budget.
Canada
Prime Minister Trudeau urges Alberta to contribute to carbon-capture incentives
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