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Tax credits rev up Canada’s CCS sector
Recently finalised investment tax credits have brought much-needed clarity for Canadian CCS developers, but carbon price uncertainty remains a concern
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Shell eyes 75% capacity boost at Quest CCS
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Cenovus sees major role in reducing emissions
Canadian firm and its oil sands peers are targeting net zero by 2050 and are perfectly positioned to address the challenges of the low-carbon transition, says CEO Jon McKenzie
Certainty key for Canada’s CCS industry
Project developers need clarity on long-term carbon pricing and streamlining of federal and provincial regulation, president and CEO of International CCS Knowledge Centre tells Carbon Economist
Canadian Prairies’ role in the energy transition
Federal department PrairiesCan speaks to Carbon Economist about the energy sector in the region
Canada's prime minister, Justin Trudeau
Canada
Vincent Lauerman
Calgary
7 January 2021
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Canada reinvigorates its climate change strategy

Ottawa has updated its climate change plan to overshoot its Paris Agreement target

The Canadian government finally became serious about achieving its international climate change commitments in December, with Prime Minister Justin Trudeau announcing a raft of measures including a massive increase to the already controversial federal carbon tax. In the update to its 2016 climate change plan, the federal government is forecasting a reduction to the country’s greenhouse gas (GHG) emissions of at least 31pc by 2030, from 2005 levels, slightly more than its Paris Agreement target of 30pc. And that is despite backtracking somewhat in the scope of its clean fuel standard (CFS). Before the update, it was projecting only a 19pc reduction in emissions over the period. The Trudeau go

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