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News Cement Association of Canada welcomes government’s commitment to carbon capture

Cement Association of Canada welcomes government’s commitment to carbon capture

Written by Global Cement staff 23 November 2023
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Canada: The Cement Association of Canada (CAC) says that provisions for investments and supportive measures in the government’s Fall Economic Statement 2023 will help to ensure the successful roll-out of carbon capture, utilisation and storage (CCUS) for industrial decarbonisation. The statement commits the government to advancing a CCUS Investment Tax Credits (ITC) scheme.

CAC president and CEO Adam Auer said “We commend the government’s recognition of the importance of CCUS in achieving our climate objectives. The cement industry is committed to reducing its carbon footprint, and these investments will facilitate the deployment of innovative technologies that are essential for achieving our Concrete Zero sustainability action plan objectives.”

Last modified on 29 November 2023
Published in Global Cement News
Tagged under
  • Canada
  • Cement Association of Canada
  • Budget
  • carbon capture
  • CCUS
  • CCUS Investment Tax Credits
  • Tax
  • Government
  • policy
  • CO2
  • net zero
  • GCW636
  • decarbonisation
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