With regard to the Carbon Capture, Utilization, and Storage Investment Tax Credit and the requirement to submit a project plan to Natural Resources Canada and be issued an initial project evaluation for each qualified Carbon Capture, Utilization, and Storage project: (a) how many project plans have been submitted to Natural Resources Canada to date regarding the Carbon Capture, Utilization, and Storage Investment Tax Credit qualification process; (b) how many initial project evaluations have been issued by Natural Resources Canada regarding Carbon Capture, Utilization, and Storage projects; (c) for each project plan submitted to date, how long did the process take between the submission of the project plan and the issuance of the evaluation; (d) for each plan which has been submitted that has yet to receive an evaluation from Natural Resources Canada, on what dates were the plans received by Natural Resources Canada; (e) of project plans which have (i) received an evaluation, (ii) not yet received an evaluation, how many required additional information or revisions beyond what was included in the original submission; (f) how many project plans have been rejected or otherwise denied an initial project evaluation; and (g) what is the projected dollar value of the Investment Tax Credits claimable against projects which have already received an initial evaluation?
In the House of Commons on September 15th, 2025. See this statement in context.
