Canadian scientists, academics request that finance minister scrap carbon capture tax credit

Hundreds of Canadian scientists and academics have called on federal Finance Minister Chrystia Freeland to scrap the tax credit for companies that develop carbon capture and storage facilities. Over 400 academics signed an open letter that argues that the tax credit is a subsidy for the oil and gas industry, which contradicts Canada’s pledge to limit this kind of subsidy and reduce greenhouse gas emissions. University of Victoria Professor and lead signatory Christina Hoicka says that the carbon capture tax credit would prolong the use of fossil fuels rather than encouraging their phase out. CTV News (CP) Note: Archived stories may contain dead links or be missing source links.

CTV News (CP) | CTV News (CP) | CTV News (CP)