Freeland to Oilsands: Tax Credit Nearly Law, Time to Start Building Carbon Capture

Freeland to Oilsands: Tax Credit Nearly Law, Time to Start Building Carbon Capture
Deputy Prime Minister and Minister of Finance Chrystia Freeland responds to a question from a reporter during a news conference in Ottawa on June 11, 2024. The Canadian Press/Adrian Wyld
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Finance Minister Chrystia Freeland says a major federal tax credit to help build carbon capture projects is almost in place and she wants to see quick progress on the project promised by Canada’s biggest oilsands firms.

The government promised a tax credit for carbon capture and storage in 2021 but the legislation to enact didn’t come until last fall.