Canadian Chamber Statement on CleanTech and CCUS Investment Tax Credits Implementation: Bill C-59

While we are eager to see the long-awaited Clean Technology Investment Tax Credit (Cleantech ITC) and the Carbon Capture, Utilization, and Storage Investment Tax Credit (CCUS ITC) finally implemented, we remain concerned by the significant time that has been lost with introducing and implementing these new measures.

Recent amendments to the Competition Act have also introduced uncertainty for Canadian companies wishing to communicate their environmental efforts, including those addressing climate change. Governments must collaborate with businesses to drive the innovation needed to meet ambitious climate goals. While Canadian businesses wait for clarity on how the new law will be interpreted and applied by the Competition Bureau, their ability to openly contribute to Canada’s climate objectives has unfortunately become more limited.

Bryan N. Detchou, Senior Director, Natural Resources, Environment and Sustainability

About the Canadian Chamber of Commerce — The Future of Business Success

The Canadian Chamber of Commerce is Canada’s largest and most activated business network — representing over 400 chambers of commerce and boards of trade and more than 200,000 business of all sizes, from all sectors of the economy and from every part of the country — to create the conditions for our collective success. The Canadian Chamber of Commerce is the undisputed champion and catalyst for the future of business success. From working with government on economy-friendly policy to providing services that inform commerce and enable trade, we give each of our members more of what they need to succeed: insight into markets, competitors and trends, influence over the decisions and policies that drive business success and impact on business and economic performance.

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Contact
Rewa Mourad
Public Relations Specialist Canadian Chamber of Commerce
rmourad@chamber.ca