Debate Over Carbon Capture Tax Credits, as PBO Estimates They Could Cost $1 Billion More Than Estimated
A new report by the Parliamentary Budget Officer (PBO) says the federal government’s tax credit encouraging companies to invest in carbon capture technology will likely cost more than Ottawa estimated.
The PBO’s Feb. 1 report estimates the cost of the investment tax credit for carbon capture, utilization, and storage (CCUS) at $5.7 billion for the six years from 2022–23 to 2027–28.
A second PBO report released on the same day, which examined a separate federal tax credit, for investments in clean hydrogen, estimates that it would reduce federal revenues by $5.7 billion over five years, from 2023–24 to 2027–28.
Lumped together, the two investment tax credits could cost more than $11 billion—roughly a billion more than what Ottawa estimated.
One environmental group points out that they could end up costing even more.
“These tax credits are being designed without a ceiling,” said the group Environmental Defence in a Feb. 1 statement. “That means the final cost for Canadian taxpayers could end up being much, much greater.”
Here Here!!
OPEN LETTER: To the Prime Minister of the "New World Order"
TO: The Right Honourable Mark Carney, Prime Minister of Canada
FROM: Jennifer Elizabeth Telfer
I. The Banker in the PMO
You have famously stated on camera, "I'm a banker, not a career politician." That much is evident. Your leadership has treated Canada not as a sovereign nation of citizens, but as a balance sheet to be "optimized" for global investors. You are a technician for a vision that seeks to dismantle national independence in favor of the "variable geometry" of global power you promoted at Davos 2026.
II. The Death of the Trades & The "Build Canada" Scam
As someone who has worked in the trades for over 15 years, I see the "holes" in your Build Communities Strong Fund. You talk about "supercharging" homebuilding, but your policies are crushing the people who actually do the work:
The Productivity Trap: You demand 500,000 homes a year while your "hidden" fuel taxes and inflation make it impossible for ...
Someone finally put the truth in print in a Red Deer obituary. She was 71.
" Six years ago. Val’s health began to be compromised. She battled every day to reverse the vaccine injury after long battle in excruciating pain."
