Billions given to Volkswagen and Stellantis – what about oil and gas’s carbon initiatives?
The companies involved in developing Alberta’s carbon capture projects, which are more advanced than Volkswagen’s EV battery plant, are still waiting for clarity on the implementation of the investment tax credit that has been promised by the federal government in the past three federal budgets; details on the carbon contracts for differences program announced by Ottawa; and what the Alberta government is prepared to offer in terms of support.
Canada’s energy sector – including the oil sands – can and will contribute to global energy security and affordability while addressing greenhouse gas emissions and advancing economic reconciliation with Indigenous communities. There is no denying that net zero is inextricably tied to electrification, but the EV battery manufacturing facilities being funded by Ottawa are not going to decrease emissions in the short term because the system needed to support this goal is decades away from being adequate.
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