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Investment tax credit for carbon capture, utilisation and storage (CCUS)

Last updated: 11 February 2022

Canada's 2021 federal budget included the announcement of a planned investment tax credit for Carbon Capture Utilisation and Storage (CCUS) projects. The instrument will cover several CCUS applications, such as industrial ones (including concrete, plastics, fuels), blue hydrogen projects and direct air capture projects. The plan is not intended to be available for enhanced oil recovery.
The Canadian government intends to announce the details of the investment tax credit in 2022.

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