This report demonstrates Canada’s unique opportunity in CCUS. To make the most of this opportunity, Canadians need to build on the momentum established from previous project investments with enabling policies and fiscal support. Industry and governments need to provide strategic innovation and commercialization support for emerging CCUS solutions. If done right, the country is poised to take an outsized share of the $1 trillion USD per year carbon sequestration market, help meet its own climate commitments, and provide the world with the storage and technology solutions needed for global net-zero success. This report explores the necessary conditions for Canadian leadership in CCUS, looking at how Canada can create the enabling environment for CCUS projects, and how to accelerate CCUS innovation.
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