carbon capture

The federal government has given British Columbia’s carbon dioxide storage regulations its stamp of approval. Now, companies pursuing carbon capture and utilization projects in the province can apply for the federal investment tax credit to help cover the cost of the pricey equipment needed to capture carbon from industrial processes and store it underground.

The federal government plans to introduce a tax credit for clean hydrogen investments in Budget 2023, but academics and some civil society groups say there’s a risk it could end up subsidizing fossil fuels if it’s not done right.

As part of a new Canada’s National Observer series breaking down climate basics, we delved into some common questions about carbon capture. Here is everything you need to know about the contentious technology governments and industry are banking on.