Carbon Capture Incentive
“Alberta”
The funder does not disclose this information
Maximum Eligible Amount
Government Grant
Fund Type
ACCIP will be able to support a variety of sectors including oil sands, oil and gas production, enhanced oil recovery production, petrochemicals, power generation, manufacturing and cement production, among others. CCUS is currently the only viable option available for these industries to significantly reduce their emissions.
Provincial funding will be available once the federal government has legislated its CCUS investment tax credit (ITC) and related operating supports, such as contracts for difference. ACCIP will be designed to build on the federal ITC. Together, the provincial and federal governments can cooperate in establishing the clear competitive advantage in CCUS that Albertan and Canadian businesses have demonstrated to the world.
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