Canada's Alberta introduces new carbon capture incentive program

OTTAWA, Nov. 28 (Xinhua) -- Canada's major oil-producing province Alberta said on Tuesday it will provide major industries with up to 12 percent of new eligible capital project costs to accelerate carbon capture and emissions reductions.

The provincial government said in a news release that the new Alberta Carbon Capture Incentive Program (ACCIP) will help businesses in multiple industries, such as oil and gas, power generation, hydrogen, petrochemicals and cement, reduce their emissions by incorporating carbon capture, utilization and storage (CCUS) technology into their operations.