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?
Q-53 , 45th Parliament, 1st session May 26, 2025, to present
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