Refine by MP, party, committee, province, or result type.
Natural Resources committee The Department of Finance is responsible for the investment tax credit around CCUS. As you indicated, the intention is to announce the details of that. I do not have the details of what will be in the budget with respect to the investment tax credit.
April 6th, 2022Committee meeting
Glenn Hargrove
Natural Resources committee I believe that CCUS is a critical tool for reaching our climate objectives. That's in line with statements by the International Energy Agency, the IPCC and the International Renewable Energy Agency as well. It's part of all net-zero scenarios going forward.
April 6th, 2022Committee meeting
Glenn Hargrove
Natural Resources committee Perhaps I can provide a short response, but again this question would be best directed toward Environment and Climate Change Canada. What I would say more generally, rather than specifically, about the Bay du Nord project is that when the emissions reduction plan was developed, part of the process there was to look at the Canada Energy Regulator scenario forecasts for production.
April 6th, 2022Committee meeting
Glenn Hargrove
Natural Resources committee To make sure I understand the question, what you're asking about is the impact on the requirement for public support of the Bay du Nord project as it relates to emissions production.
April 6th, 2022Committee meeting
Glenn Hargrove
Natural Resources committee I have seen the 10-point plan, yes.
April 6th, 2022Committee meeting
Glenn Hargrove
Natural Resources committee Yes. The work with the IEA, particularly on moving Europe away from reliance on Russian imports, looks at not only diversifying the immediate supply but also at the long-term transition to renewables, and also demand restraint measures and those sorts of things as well. The IEA takes a holistic approach, and I think that's consistent with what the European Union and member countries are looking at as well.
April 6th, 2022Committee meeting
Glenn Hargrove
Natural Resources committee Yes. The Prime Minister also announced a Canada-EU energy security working group to look at the immediate energy needs and the medium- to long-term energy needs, and to look at a holistic view around energy security. We have had initial conversations under that working group and have been talking about things like LNG and the pathway to a hydrogen economy as well.
April 6th, 2022Committee meeting
Glenn Hargrove
Natural Resources committee Thank you.
April 6th, 2022Committee meeting
Glenn Hargrove
Natural Resources committee Thank you. The answer is no, not to our knowledge.
April 6th, 2022Committee meeting
Glenn Hargrove