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Shell considers a CCUS project

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Under the federal plan, companies can receive a 50 per cent tax credit for investing in equipment to capture CO2 in such projects, and a 37.5 per cent credit for spending on equipment used for transportation and storage on CCUS. That means companies contemplating a big-budget CCUS investment could tap the federal incentive, along with existing provincial credits, programs or initiatives adopted by Alberta. That means that big companies are incentivized to buy equipment from Xebec. Shell Canada president Susannah Pierce attended the finance ministers tour, said the federal measure will help remove uncertainty as the company considers a CCUS project. https://calgaryherald.com/opinion/columnists/varcoe-albertas-turn-to-ante-up-in-carbon-capture-poker-game-with-ottawa