On Monday (9th August) the Honourable Seamus O’Regan Jr., Minister of Natural Resources, announced the call which will be funded under the Energy Innovation Programme (EIP) to assist Front-End Engineering and Design (FEED) studies that have the potential to reduce the impact of carbon emissions.
“CCUS will lower emissions, create jobs and increase our competitiveness. This is how we get to net zero by 2050,” Minister O’Regan said when the call was announced.
Although Canada already stands as a leader in CCUS technologies, the Federal Government has said it will invest $319m into research, development and demonstrations to advance the commercial viability the tech as part of its 2021 budget.
Such funds will support businesses, academia, non-profits, government and federal laboratories on the path to net-zero emissions by 2050.
Canada’s strengthened climate plan calls for the development of a comprehensive CCUS strategy and for the government to explore opportunities to increase Canada’s global competitiveness in this growing industry.
Natural Resources Canada is gathering insights and perspectives from key partners and stakeholders as it develops this strategy, recognising that opportunities and challenges for CCUS may differ across regions and sectors of Canada.