The Knowledge Centre's President & CEO James Millar was interviewed along with leaders from the Pathways Alliance, Pembina Institute and the Canadian Association of Petroleum Producers (CAPP) for a story in the The Globe and Mail that examines how the landmark incentives for carbon capture, utilization and storage (CCUS/CCS) contained in the in the U.S. Inflation Reduction Act provide an important guide for Canadian policy.
“Countries such as the U.S., the U.K. and Norway, they have significant CCS incentives in place, and ignoring this puts Canada at a great disadvantage to our peers, to our competitors,” Millar told the Globe's energy industry reporter Emma Graney.
“We run the risk of losing green investment and credibility with the global community.”
Millar said that companies need to make investment decisions that “go beyond the balance sheet” to help fight climate change. But he said government subsidies still play an important role.
“We all need to do the right thing. But we are doing this in a construct where we are talking about companies that do have to report to boards and do have to report to leadership and shareholders,” he said.
“I do believe that there is a responsibility to do this, but let’s incentivize the responsibility. Let’s try to meet in the middle here to get it done.”