Canadian Prime Minister Justin Trudeau on Friday urged the government of the main oil-producing province of Alberta to use its budget surplus to help bolster tax credits meant to help scale up carbon capture and storage and reduce emissions.
After the United States passed the Inflation Reduction Act last year, which included massive tax credits to develop carbon capture, utilization and storage there, the Canadian oil and gas industry has been seeking an increase to what was promised in the April federal budget.
Canada is home to the world's third-largest oil reserves and is the fifth-biggest producer of natural gas, and the industry says it needs more government rebates to help scale up the technology. Canada has said it will introduce legislation this year that will help workers in the oil and gas sector get training and other support in order to move into green energy jobs. Smith on Thursday said she opposes the legislation because it will "shut down our energy industry".
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