Oil and gas companies are asking the Canadian government to design a tax credit to pay for 75 per cent of the cost to build carbon capture facilities that will curb greenhouse gas emissions, the country's main energy industry group said on Thursday.
The Canadian Association of Petroleum Producers (Capp) made the request to the Department of Finance in August, just before the federal election campaign, setting the tax credit at a level high enough to provide an economic return, Ben Brunnen, the association's vice-president of oil sands, told Reuters.
Carbon capture facilities are expected to be a key part of global efforts to contain emissions from fossil fuel production. Canada is the world's fourth-largest oil producer and has a set a goal of generating net-zero emissions by 2050.
The carbon captured from oil and gas operations is less concentrated than that of some other large emitters, such as fertiliser plants. That means that capture costs are higher on a per tonne basis for oil companies, Mr Brunnen said.
"Because of that, this [credit] needs to be designed to drive a balance and reflect the economic realities," he said. "The government role should be providing the playing field to enable companies to make these investments."
Prime Minister Justin Trudeau's Liberal government began industry consultations in June on the make-up of its proposed carbon capture investment tax credit, before the national election last month. Mr Trudeau won a third term and discussions are expected to resume before the government finalises the credit next year.
Mr Trudeau's government has not said what level of tax credit it is considering. At 75 per cent, the Canadian credit would be comparable to support offered in the US, once legislators sweeten the American tax credit, Mr Brunnen said.
Many environmental groups oppose reliance on carbon capture to address global warming, calling it expensive and a means of prolonging fossil fuels production.
"We're talking about an industry that created this problem, that also made billions of dollars over the last 40 years knowing that climate change is a problem," said Cam Fenton, Canada team leader for 350.org.
Although the government calls its proposed carbon capture support a tax credit, Capp wants it to function more as a grant, with Ottawa reimbursing carbon capture proponents a percentage of their costs as they build the facilities, Mr Brunnen said.
Canada aims to provide incentives for at least two enormous carbon capture centres by 2030 and to sequester at least 15 million tonnes of carbon annually in total by that year. Realistically, Canada might advance two projects in the next three years with combined capacity for three million tonnes of carbon sequestration per year, costing about C$3 billion (US$2.4 billion), Mr Brunnen said.
Several companies have stepped forward with proposals for carbon capture centres in Alberta, including Royal Dutch Shell , TC Energy and a consortium of the five biggest Canadian oil producers.
Killing of Qassem Suleimani
Checks continue
A High Court judge issued an interim order on Friday suspending a decision by Agriculture Minister Edwin Poots to direct a stop to Brexit agri-food checks at Northern Ireland ports.
Mr Justice Colton said he was making the temporary direction until a judicial review of the minister's unilateral action this week to order a halt to port checks that are required under the Northern Ireland Protocol.
Civil servants have yet to implement the instruction, pending legal clarity on their obligations, and checks are continuing.
Funk Wav Bounces Vol.1
Calvin Harris
Columbia
A Prayer Before Dawn
Director: Jean-Stephane Sauvaire
Starring: Joe Cole, Somluck Kamsing, Panya Yimmumphai
Three stars
Match info:
Burnley 0
Manchester United 2
Lukaku (22', 44')
Red card: Marcus Rashford (Man United)
Man of the match: Romelu Lukaku (Manchester United)
UAE currency: the story behind the money in your pockets
Most sought after workplace benefits in the UAE
- Flexible work arrangements
- Pension support
- Mental well-being assistance
- Insurance coverage for optical, dental, alternative medicine, cancer screening
- Financial well-being incentives
New schools in Dubai
How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
What is Genes in Space?
Genes in Space is an annual competition first launched by the UAE Space Agency, The National and Boeing in 2015.
It challenges school pupils to design experiments to be conducted in space and it aims to encourage future talent for the UAE’s fledgling space industry. It is the first of its kind in the UAE and, as well as encouraging talent, it also aims to raise interest and awareness among the general population about space exploration.
The smuggler
Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple.
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.
Khouli conviction
Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.
For sale
A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.
- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico
- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000
- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950
DUBAI WORLD CUP RACE CARD
6.30pm Meydan Classic Trial US$100,000 (Turf) 1,400m
7.05pm Handicap $135,000 (T) 1,400m
7.40pm UAE 2000 Guineas Group Three $250,000 (Dirt) 1,600m
8.15pm Dubai Sprint Listed Handicap $175,000 (T) 1,200m
8.50pm Al Maktoum Challenge Round-2 Group Two $450,000 (D) 1,900m
9.25pm Handicap $135,000 (T) 1,800m
10pm Handicap $135,000 (T) 1,400m
The National selections
6.30pm Well Of Wisdom
7.05pm Summrghand
7.40pm Laser Show
8.15pm Angel Alexander
8.50pm Benbatl
9.25pm Art Du Val
10pm: Beyond Reason
F1 The Movie
Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem
Director: Joseph Kosinski
Rating: 4/5
Gothia Cup 2025
4,872 matches
1,942 teams
116 pitches
76 nations
26 UAE teams
15 Lebanese teams
2 Kuwaiti teams
MATCH INFO
Who: UAE v USA
What: first T20 international
When: Friday, 2pm
Where: ICC Academy in Dubai
Killing of Qassem Suleimani
MATCH INFO
What: India v Afghanistan, first Test
When: Starts Thursday
Where: M Chinnaswamy Stadium, Bengalaru
The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
MATCH INFO
West Ham United 2 (Antonio 73', Ogbonna 90 5')
Tottenham Hotspur 3 (Son 36', Moura 42', Kane 49')
UAE currency: the story behind the money in your pockets
Company Profile
Founders: Tamara Hachem and Yazid Erman
Based: Dubai
Launched: September 2019
Sector: health technology
Stage: seed
Investors: Oman Technology Fund, angel investor and grants from Sharjah's Sheraa and Ma'an Abu Dhabi
Hotel Data Cloud profile
Date started: June 2016
Founders: Gregor Amon and Kevin Czok
Based: Dubai
Sector: Travel Tech
Size: 10 employees
Funding: $350,000 (Dh1.3 million)
Investors: five angel investors (undisclosed except for Amar Shubar)
