Environment advocates say federal Budget 2022 gets some things right, but fails to divest from oil and gas development

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Lawyers with the West Coast Environmental Law Association argue carbon storage is an experimental technology which could impact water and energy use, and potentially increase greenhouse gas emissions.

Others are concerned the government didn’t follow through on a pledge to divest away from fossil fuels.

Association lawyer Andrew Gage said the budget treats direct air capture and other technologies that suck carbon dioxide out of the air “like a silver bullet that we should throw taxpayer dollars at so that the oil and gas industry can keep expanding.”Article content The budget set aside $2.6 billion over five years for a new investment tax credit for businesses that spend money on carbon capture, which collects the CO2 and stores it deep underground.Article content

Alberta’s UCP government applauded Ottawa’s offer to cover half the cost of new carbon capture technology to cut down greenhouse gas emissions. Alberta’s Finance Minister Travis Toews said

 

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