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Prime Minister Justin Trudeau urged the government of the main oil-producing province of Alberta to use its budget surplus to help bolster tax credits meant to help scale up carbon capture and storage and reduce emissions. (Evan Mitsui/CBC) Prime Minister Justin Trudeau on Friday urged the government of the main oil-producing province of Alberta to use its budget surplus to help bolster tax credits meant to help scale up carbon capture and storage and reduce emissions. After the United States passed the Inflation Reduction Act last year, which included massive tax credits to develop carbon capture, utilization and storage (CCUS) there, the Canadian oil and gas industry has been seeking an increase to what was promised in the April federal budget. "We’ve seen for a while Alberta hesitating around investing in anything related to climate change," Trudeau said in an interview with Reuters. "But CCUS is one of those tangible things." "I think there’s a role for provinces with surpluses, with the capacity to be investing in their future and their workers future," he said in his first media interview of 2023. The provincial government expects a $12.3-billion budget surplus, bolstered by oil and gas royalties. The comments follow […]
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