Ottawa’s giant tax write-off could win over investors for oilsands carbon storage project: industry

Source: Alberta - Edmonton Journal (Legislature & Capital)
Date: 2026-09-15 23:36:03.0
Tags: [National, Alberta, Energy, Environment, Taxation, Industry]

Prime Minister Mark Carney proposed a productivity mega deduction at the Canada Investment Summit in Toronto, allowing businesses to deduct the full cost of new equipment and long-term assets in their first year. Industry representatives from the Pathways Alliance, including President Kendall Dilling, stated this federal tax policy addresses a crucial hurdle for financing the alliance's multi-billion-dollar carbon capture and storage project in Alberta. The Pathways Alliance project aims to cut approximately six million tonnes of emissions annually and is targeting a November 15 memorandum of understanding deadline for final binding agreements, with pipeline construction projected around 2030.