Carbon capture tax credit could cost taxpayers $1B more than expected, PBO warns

A controversial tax credit meant to help jump-start carbon capture projects could cost $1 billion more than the federal government estimated, says the independent parliamentary budget watchdog.

Carbon capture tax credit could cost taxpayers $1B more than expected, PBO warns
A tangle of pipes, with some white tanks on the left and some smoke or vapour coming out one of them.

A controversial tax credit meant to help jump-start carbon capture projects could cost $1 billion more than the federal government estimated, says the independent parliamentary budget watchdog.