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Reuters exclusively reports Canada pushes to build two new carbon capture hubs

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Reuters exclusively reported that Canada is pushing to provide incentives for at least two new massive carbon capture projects by 2030, a federal government document showed, with nearly a dozen oil and gas companies already pursuing rights to store carbon dioxide in Alberta’s vast underground caverns. To encourage private investment in CCUS projects, Canada is counting on its carbon price, which is set to rise to C$170 ($134.8) per tonne of carbon by 2030 from C$40, a planned tax credit, and its Clean Fuel Regulation (CFR), which requires lower emissions intensity in fuel.

The post Reuters exclusively reports Canada pushes to build two new carbon capture hubs appeared first on Reuters News Agency.

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