This joint statement from a unique partnership of industry and environmental organizations outlines the key elements for an effective Canadian cap-and-trade system for greenhouse gas emissions. The initiative, called the “Canadian NGO-Industry Cap-and-Trade Dialogue,” brought together nine companies and eight environmental groups to discuss the design of a cap-and-trade system for Canada.
Canadian ENGO-Industry Cap-and-Trade Dialogue
Related Publications
Design Changes to the Investment Tax Credit for Carbon Capture, Utilization and Storage Submission to Department of Finance Canada
Pembina Institute submission to the Department of Finance Canada on the proposed design of its investment tax credit (ITC) for carbon capture, utilization and storage (CCUS) projects. Public investments in CCUS must be weighed against other opportunities to drive emissions reductions in Canada on a tonne (of carbon dioxide equivalent not emitted) per dollar invested basis. As such, we support the current level of the investment tax credit (ITC) for carbon capture, but not increasing it.
Getting on Track A primer on challenges to reducing carbon emissions in Canada’s oilsands
Canada's carbon-intensive oil and gas sector must significantly reduce its greenhouse gas emissions, and must also confront the prospect of a decline in demand for its product over the long term. Oilsands producers now rely on technologies to meet reduction targets that likely won’t be scalable and affordable until after 2030; however, the sector as a whole is better positioned than other parts of the economy to meet or exceed Canada’s 2030 emissions reduction targets.
Comparing Canadian and American Financial Incentives for CCUS in the Oil Sector
This report by the Canadian Climate Institute and the Pembina Institute shows Canadian oilsands don’t need more public support for carbon, capture, utilization, and storage technology to remain competitive with the U.S. oil sector. When all the regulations and incentives offered by Canadian governments are added together, they amount to more than those offered in the U.S. under the Inflation Reduction Act.