Q-689 , 45th Parliament, 1st session May 26, 2025, to present

With regard to the government's proposal in budget 2025 to extend the availability of the full tax credit rates for investments in carbon capture, utilization and storage for five years, from 2031 to 2035, with credit rates remaining unchanged from 2036 to 2040: (a) what is the impact of this decision on the modelling of greenhouse gas emissions projections for each emissions projection scenario and for all milestone years from 2030 to 2050, broken down by province; (b) for any documentation regarding this decision, including scientific advice, briefing notes, studies and briefs used by or provided to the Privy Council Office, the Treasury Board of Canada Secretariat, the Department of Finance Canada, the Cabinet and the Prime Minister's Office, what are the details, including (i) the date, (ii) the sender, (iii) the type of document, (iv) the title of the document, (v) a summary of the content of the message; and (c) what is the total cost to the government of increasing the investment tax credit rate for the 2031 to 2035 period?