Trudeau urges Alberta to use surplus to contribute to carbon-capture incentives abpoli
After the United States passed the Inflation Reduction Act last year, which included massive tax credits to develop carbon capture, utilization and storage there, the Canadian oil and gas industry has been seeking an increase to what was promised in the April federal budget.Sign up to receive daily headline news from the Calgary SUN, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
The comments follow a Reuters exclusive story from October that cited sources saying the federal government was at odds with Alberta’s government over who should pay to bolster tax credits for carbon capture.Article content Alberta’s new premier, Danielle Smith, has passed a law allowing the province to amend federal laws it dislikes, and she has threatened to use it on legislation seen as a potential threat to the province’s energy industry.Article content
“One of the challenges is there is a political class in Alberta that has decided that anything to do with climate change is going to be bad for them or for Alberta,” Trudeau said.
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Trudeau urges Alberta to use surplus to contribute to carbon-capture incentives\u0027There is a political class in Alberta that has decided that anything to do with climate change is going to be bad for them or for Alberta,\u0027 Trudeau said
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