About The Submission:
Carbon capture, utilization and storage (CCUS) refers to technologies that are designed to collect or “capture” carbon dioxide generated by high-emitting activities (such as oil refineries, cement plants, fossil fuel power plants) and then transport the captured carbon to sites where they are used for industrial processes or stored underground. The Government of Canada is currently designing a new investment tax credit for capital invested CCUS projects. The final tax will be published in Budget 2022, likely in spring 2022.
