Federal Carbon Capture, Utilization, and Storage Fund: This is a $2-billion fund announced by the federal government in 2020 to support large-scale CCUS projects across Canada. The fund is open to applications from provinces and territories, as well as private sector companies.
- Announcement: https://www.canada.ca/en/environment-climate-change/news/2020/02/canada-announces-the-carbon-capture-utilization-and-storage-fund.html
- Fund details: https://www.nrcan.gc.ca/climate-change/canada/20556
Alberta Carbon Trunk Line: This is a $1.2 billion project that received funding from both the federal and Alberta governments. The project involves building a pipeline network to transport CO2 from industrial facilities in the Edmonton area to depleted oil reservoirs in central Alberta for storage.
- Announcement: https://www.alberta.ca/release.cfm?xID=68544FBB1FED9-0D5A-6C69-2C3A3C47470A5F98
- Project details: https://www.alberta.ca/alberta-carbon-trunk-line.aspx
Saskatchewan Carbon Capture and Storage Initiative: The Saskatchewan government has invested over $1 billion in CCUS projects in the province, including the Boundary Dam Carbon Capture Project and the Aquistore underground storage facility.
- Initiative details: https://www.saskatchewan.ca/business/environmental-protection-and-sustainability/climate-change/saskatchewan-carbon-capture-and-storage-initiative
British Columbia Low Carbon Fuel Standard: The BC government has introduced a low carbon fuel standard that includes incentives for carbon capture and utilization in the production of low-carbon fuels.
- Program details: https://www2.gov.bc.ca/gov/content/environment/climate-change/policy-legislation-programs/clean-transportation-policies-and-programs/low-carbon-fuel-standard
Manitoba Climate and Green Plan: The Manitoba government’s Climate and Green Plan includes incentives for CCUS, including a Green Energy Equipment Tax Credit for equipment used in carbon capture and storage projects.
- Plan details: https://www.gov.mb.ca/climateandgreenplan/index.html
Ontario Low Carbon Economy Fund: The Ontario government has established a Low Carbon Economy Fund to support projects that reduce greenhouse gas emissions, including CCUS projects.
- Fund details: https://www.ontario.ca/page/low-carbon-economy-fund
Quebec Green Fund: The Quebec government’s Green Fund includes funding for projects that reduce greenhouse gas emissions, including CCUS projects.