When the federal government released the budget in April 2021, it proposed creating a new tax credit for private firms that make investments in carbon capture, utilization and sequestration projects.
But in January, shortly after the consultation period closed, more than 400 Canadian climate scientists, academics and energy system modellers urged the government to cancel its plan. The letter attracted significant media attention, including pointed responses in favour of the tax credit from business journalists as well as industry representatives and lobbyists.
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