On April 26 in Question Period, I asked why the government excluded enhanced oil recovery from its tax incentives for Carbon Capture, Utilization and Storage? It does not, therefore, level the playing field for Canadian companies competing with their US counterparts. No answer. Here's the transcript.
Mr. Greg McLean (Calgary Centre, CPC): Mr. Speaker, two years ago, Canada lost its lead in carbon capture technology to the United States. My colleagues and I have been pushing the government to introduce a tax credit that will level the field with our U.S. competitors.
The Liberals responded last week when they included this environmental tax credit in their budget. However, they specifically excluded enhanced oil recovery. Strange approach trying to play catch-up and excluding a key piece of the successful part of the U.S. tax credit.
Can the government tell this House how its approach accomplishes anything?
Mr. Marc Serré (Parliamentary Secretary to the Minister of Natural Resources, Lib.): Mr. Speaker, we are supporting oil and gas workers. They built this country and they have done the same to lower our emissions. These are the same people who built renewables, the same people who built climate targets, and we are investing in them with the carbon capture utilization storage, $319 million of investment tax credit and accelerating adoption of the proposed technology. We are investing in clean fuels like hydrogen and biofuels, using the determination and skills of our oil and gas workers, and also $2 billion for workforce development programs so that we leave no energy worker behind.