Cross-country Carbon Capture And Sequestration Check-in

Last year, we distributed a bulletin that provided an overview of recent developments related to carbon capture and sequestration (CCS) in Ontario, Alberta and federally. A year on, major investments in CCS projects have continued to increase, while several significant legislative developments in Ontario, Manitoba and federally have given renewed momentum to advance these projects in their respective jurisdictions.

In late June 2024, the federal Parliament passed legislation establishing the Carbon Capture, Utilization, and Storage Investment Tax Credit (CCUS ITC). Manitoba also enacted The Captured Carbon Storage Act, which will establish the framework for CCS projects in the province. In July 2024, Ontario released a discussion paper entitled Regulating Commercial-Scale Geologic Carbon Storage Projects in Ontario  and issued a call for input on the design of the regulatory framework that will enable the development of CCS projects in the province. Comments on the