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.”
CPP is the latest on Carney’s chopping block
The new $50 billion Brookfield partnership puts hard-earned Canadian pensions at risk.
All eyes should be firmly placed front and centre on the current situation between Mark Carney and our Canada Pension Plan (CPP). His furtive sleight of hand is in action once again. In short, his latest method of eventually transferring our hard-earned fund over to his bedfellow Brookfield has begun.
The Canada Pension Plan Investment Board and Brookfield have launched a $50 billion “Maple Fund.” Their explanation is that it will be utilized to funnel capital into critical infrastructure and other industries across Canada. Be afraid. Be very afraid.
In 1965, the CPP, introduced by the government, was initiated in order to assist people who did not have a retirement pension. Employees gave a certain percentage of their income to the fund, and the employers matched that figure. To be exact, 15% of income before taxes.
This fund consists of our hard-earned money, and we ...
End Times Headline News October 2 2026
Trump: Iran ‘ready to fold up’. War Returns To Ethiopia. Putin Warns West Not to Escalate. France BURNS. Macron takes aim at ‘American free speech’. The Agenda 2030 Plan Is WORSE Than You Think
https://lionessofjudah.substack.com/p/end-times-headline-news-october-2-265
