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.”
New report denounces Havana and claims ‘campaign of subversion’ has infiltrated highest levels of US government
"...There is overwhelming evidence that the machinery of the Cuban Government has been progressively organized around… a fundamental hatred of the United States,” the report stated. “Many of the most significant upheavals in recent American political history —from the George Floyd riots to the rise of Antifa to the explosion of pro-terrorist activism on American college campuses— can be linked, in some way, shape, or form to Cuban influence.”
The report doesn’t just hand-wave. It names names. It details how the Venceremos Brigade and other “revolutionary tourism” programs have funneled thousands of American activists to Havana for ideological (and sometimes literal) weapons training.
The Venceremos Brigade has brought 10,000 American activists to Cuba since 1969. This is because nothing says “I am fighting for the oppressed working class” quite ...
Now there is a plan! Of course dumb Canadians will not have the courage to vote with their brains, instead of their propagandized feelings of fear.
Canada’s economy is stalling badly.
We just endured the worst decade for real GDP growth per person since the Great Depression.
Over the past ten years, real GDP per capita limped along at an average of just 0.6% annually.
And Bloomberg’s consensus forecast for 2026? A paltry 0.7%.
Why does GDP matter?
Because family disposable income follows GDP like a shadow. Anemic economic growth resulting from lower investment means stagnant wages. Period.
The Liberals and fake Conservatives won't fix this.
The People's Party has a comprehensive plan to unleash private investment, supercharge productivity, and put more money back into your pocket:
Make the Accelerated Capital Cost Allowance (ACCA) permanent – Let businesses write off capital investments rapidly and skyrocket cash flow.
End Corporate Welfare – Zero subsidies. Zero bailouts. Zero regional ...
