Industry is excited about the budget's carbon-capture investments. But the technology is still expensive, and projects have not performed to expectations. Environmentalists worry it will lock us in to fossil fuels. Will Trudeau's wager pay off?
One oilpatch CEO argues any government investment in capturing carbon dioxide is misguided because it ignores another greenhouse gas, methane, that is a more potent atmospheric heat-trapper over a shorter period and has been proven to be a bigger problem for the industry than previously thought.
CIBC's chief executive Victor Dodig rallied support for Canada's energy sector, saying it's the country's "family business" and that the shortage of pipeline capacity represents a "critical threat" to our economy.