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Feds need to accelerate clean investment tax credits or risk losing billions in investment

Mark Lowey
November 22, 2023

Ottawa needs to move much faster in implementing cleantech investment tax credits or risk losing billions in private investment to the United States, say leaders of Canada’s heavy industries.

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Organizations:	Business Council of Canada, Canadian Manufacturers & Exporters, Carbon Engineering, Cement Association of Canada, Chemistry Industry Association of Canada, Department of Finance Canada, Dow Chemical, Emissions Reduction Alberta, Government of Canada, Hiedelberg Materials, Imperial Oil, Lafarge Canada, LafargeHolcim, Northvolt, Occidental, Office of the Parliamentary Budgetary Officer, RystadEnergy, Shell Canada, Stellantis, TD Bank, U.S. government, and Volkswagen
People:	Adam Auer, Bob Masterson, Chrystia Freeland, Dennis Darby, and Katherine Cuplinskas
Topics:	2022 fall economic statement, Alberta Carbon Trunk Line system, ammonia production for hydrogen fuel projects, Budget 2023, Carbon Capture, Utilization, and Storage Investment Tax Credit, cement industry projects waiting on ITCs, chemistry industry projects waiting on ITCs, Clean Electricity Investment Tax Credit, Clean Hydrogen Investment Tax Credit, Clean Technology Investment Tax Credit, Clean Technology Manufacturing Tax Credit, contracts for difference, decarbonizing ethylene production, decarbonizing manufacturing processes, direct air capture technology, federal government's clean investment tax credits, geological sequestration of carbon, government subsidies to EV battery manufacturers, Imperial battery-storage project in Sarnia, investment required by Canada's manufacturing sector, ITCs needed for heavy industry projects, need to get funding flowing from federal clean investment tax credits, new CCS projects at cement plants, new clean projects and investment in U.S., problems with design of clean investment tax credits, retroactivity of clean investment tax credits, Shell Scotford refinery CCS expansion, and U.S. Inflation Reduction Act

Feds need to accelerate clean investment tax credits or risk losing billions in investment

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Feds need to accelerate clean investment tax credits or risk losing billions in investment

Events For Leaders in Science, Tech, Innovation, and Policy

Discuss and learn from those in the know at our virtual and in-person events.

Events For Leaders in
Science, Tech, Innovation, and Policy