natural resources canada

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.

Natural Resources Canada is accepting applications for research and development projects as part of a broader federal program supporting the advancement of carbon capture technology in Canada.

Canada’s forests are being logged faster than they can regrow and that's adding billions of tonnes of CO2 into atmosphere.