Carney ‘will have to answer’ questions after tax credit flip-flop, Liberal MP says
Global News
A British Columbia Liberal MP said Prime Minister Mark Carney "will have to answer" questions on why he reversed a budget commitment on tax credits in Alberta energy deal.
A British Columbia Liberal MP said Wednesday Prime Minister Mark Carney “will have to answer” questions on why he reversed a budget commitment on tax credits when he signed the Alberta energy deal.
The memorandum of understanding between Ottawa and Alberta extends federal tax credits for carbon capture to enhanced oil recovery, overturning a commitment the federal government made in the recent budget not to do so.
Speaking to reporters on his way into a Liberal caucus meeting, Liberal MP Patrick Weiler said Canada has a “a pretty clear stance” on moving away from inefficient fossil fuel subsidies and extending tax credits to enhanced oil recovery is a “step in the wrong direction.”
“I think that’s a really important thing that the prime minister will have to answer about,” Weiler said.
Enhanced oil recovery is a carbon storage technology that captures carbon dioxide from industrial emitters and injects it underground at oilfields. That increases pressure and pushes more oil out of the rock, while the carbon dioxide is trapped underground.
Environmentalists see the extension of the tax credits to enhanced oil recovery as a direct subsidy of oil production, while the industry says tax measures are not subsidies.
The section of the budget addressing tax credits for carbon capture utilization and storage, often abbreviated as CCUS, said enhanced oil recovery would not be eligible for a federal tax credit.
But the deal with Alberta commits Canada to extending federal tax credits to encourage large-scale CCUS investments, including the Pathways Alliance project, as well as “enhanced oil recovery in order to provide the certainty needed to attract large additional sources of domestic and foreign capital.”
The City of Kelowna, in partnership with BC Housing, plans to build a 40-unit supportive and complex care facility on Pacific Avenue near Capri Mall.
“We do not consent at this point. We have too much more we have to work through,” said Keith Crow, chief of Lower Similkameen on Friday.
Ottawa said it has also removed Hayat Tahrir al-Sham (HTS), the group that led a rebel takeover last year, from its list of terrorist entities under the Criminal Code.
Vigils were held at universities in New Brunswick and Nova Scotia in remembrance of the 14 women killed at Montreal's École Polytechnique in 1989 in an anti-feminist attack.
A federal union says hundreds of workers have been warned they may lose their jobs as the government moves to shrink the size of the public service.
Health Canada is asking diabetes patients to check if their glucose monitor is subject to an international recall that has serious health risks.
The agency says more than 22,000 people have been removed from the country in the last 12 months, and nearly 30,000 removals were "in progress" as of Oct. 31.
A problem with the signalling system caused a service interruption this morning on Montreal's light-rail network.
An Ontario lawyer accused by American authorities of advising a Canadian Olympian-turned-alleged-cocaine kingpin has had his licence to practice law suspended.
The FIFA draw ceremony will mark the first time Prime Minister Mark Carney, U.S. President Donald Trump and Mexican President Claudia Sheinbaum will be in the same room.
A new report finds anglophones face higher unemployment and lower wages in Quebec; gaps that researchers say carry major economic consequences.
Critics are questioning the solidity of Saab's pitch to deliver 10,000 jobs in Canada if it decides to set up shop here to assemble Gripen fighter jets.
The girl’s disappearance underscores long-standing concerns about the ease with which a parent can take a child to another country without the other parent’s knowledge or consent.