Government Drags Feet on CCUS, Project Approvals

Finance Committee, May 19: After almost a year of urging the government to take the single step that would have the most impact, in the shortest time frame, on emissions control - Carbon Capture Utilization and Storage - the government finally put it in the budget.

But it is NOT in the Budget Implementation Act (Bill C-19). Industry is waiting to see the rules before they proceed with the many projects that are sitting, waiting.

I noted that Germany is reducing its regulatory processes by 90% in order to move projects such as LNG along more quickly, and asked the witness whether that would be useful for Canada.

The witness noted that it will be hard to meet 2030 targets - just 7.5 years away, if it takes 5 or 6 years to approve a project.