With Canada’s carbon tax set to rise to C$170 per ton by 2030 from C$40 per ton now, oil and gas firms operating in Alberta's key energy hub are responding to a provincial government request for proposals to build new or larger underground carbon capture and storage projects.
Alberta’s push to create a massive carbon capture grid comes as Canada scrambles to slash greenhouse gas emissions 40-45% by 2030. A federal investment tax credit for carbon capture projects is anticipated..