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.”
So, a couple of days ago my wife strained her back from working out a little too intensely (going for a personal best deadlift). She was in pain and couldn’t sleep or get comfortable, as anyone who has dealt with a sore back knows.
Normally she would have grabbed the Advil/Tylenol and maybe the Rebaxacol?, but I convinced her to let me apply some DMSO (75% concentration) on her sore back. She was very skeptical but I have had pretty great results using it on a severely sprained ankle and on a deep deep laceration on my hand.
Within in 15 minutes of application, her pain subsided dramatically and she was able to move freely without tending up.
The next day she woke up sore and stiff again so I applied the DMSO again. It worked to dramatically reduce the pain again.
That evening the pain slowly reappeared and she didn’t want to reapply the DMSO as it is kind of smelly and it irritates the skin somewhat, so I gave her 1ml of liquid CBD oil (Frank CBD 100mg/g). Her pain was pretty much ...
