Global Trade Alert
Global Trade Alert

Canada: CAD 2 billion Investment in Carbon Capture Infrastructure with Strathcona Resources

Announcement

11 Jul 2024

In July 2024, the government of Canada announced state aid to Strathcona Resources to support a carbon capture and sequestration infrastructure in Alberta and Saskatchewan. 

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

11 Jul 2024

Revocation date:

No revocation date

Announced: 11 Jul 2024
Tax or social insurance relief In force
On 11 July 2024, the government of Canada announced tax relief to Strathcona Resources Ltd to support a carbon capture and sequestration (CCS) infrastructure project on the company's oil sands facilit...
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Announced: 11 Jul 2024
State loan In force
On 11 July 2024, the Canada Growth Fund (CGF) announced CAD 500 million (USD 365.64 million) to support Strathcona Resources' development of carbon capture and sequestration (CCS) infrastructure on oi...
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