The experts say the planned carbon capture utilization and storage (CCUS) tax credit will lock in fossil fuel use and risk ruining Canada’s chances of meeting emission reduction goals. Some varieties of the technology can capture carbon released when fuel is burned and even suck carbon directly out of the air. According to the Institute for Energy Economics and Financial Analysis, the plant has consistently failed to meet its promised carbon capture goals. Blue hydrogen refers to hydrogen produced using natural gas with carbon capture technology applied. It also points to the U.S. carbon capture credit, called Section 45Q, and says if Canada is going to adopt something similar, it should learn from America’s mistakes.

Source: CBC News January 20, 2022 18:57 UTC