RE:RE:carbon capture tax creditFrom thier Oct presentation it looks like they are receiving refund credits and both projects have lots of rumway for expansion.
Federal Investment Tax Credit 50% refundable credit on capture equipment 37.5% refundable credit on transportation and sequestration equipment Four Carbon Sequestration Hubs Total Saskatchewan Carbon Hub Lamont Carbon Hub (Ft. Sask, AB) Completed To-Date - MOUs totaling 1.2-3.0 MT/yr of captured CO2 - Initiate FEED Study - Awarded carbon hub opportunity - 2 – 3 MT/yr of captured CO2 initially - Initiate technical evaluation Next Steps - Final Investment Decision (2024) - Capital Spending (2024/25) - On Stream (2025) - Final Investment Decision (2024) - Drill evaluation wells (2022/23) - On Stream (Q4/24) Incentive Programs - Federal Clean Fuel Standard - Federal Investment Tax Credit - Provincial incentives for EOR - Federal Clean Fuel Standard - Federal Investment Tax Credit
Beside this ccus project they will benefit from the reduction in the cws discount as more oil get taken to tidewater with the tmx