Incentives For CCUS In Alberta

Carbon capture, utilization and storage ("CCUS") is viewed as the most effective option available to the energy industry to make material reductions in greenhouse gas emissions in the medium term without adversely impacting production. As one half of the carrot and stick approach that governments across Canada have generally adopted on the issue of climate change, incentives related to CCUS projects are critically important to stimulate the nascent CCUS industry, providing a way for project proponents to monetize their investments in CCUS infrastructure and technology. The incentives are generally considered to be "stackable", meaning that the various incentives that can be obtained through different government programs can all be added together to support project economics. Proponents must carefully assess the availability, value and certainty of such incentives over the lifespan of any proposed CCUS project in their financial modelling before reaching a