Anita Anand, President of the Treasury Board and Minister of Transport (the Minister), yesterday announced the federal government’s commitment to purchase carbon dioxide removal (CDR) services as part of the Greening Government Strategy (the Strategy). The Minister indicated that the federal government will purchase at least $10M in CDR services by 2030 to help reach the Strategy’s goal of net-zero emissions in government operations by 2050. The CDR services will be purchased through the Low-Carbon Fuel Procurement Program (LCFPP), an eight-year, $134.9M initiative to reduce emissions from federal air and marine operations. This investment follows the Budget 2024 decision to expand the LCFPP to include the procurement of CDR services in addition to low-carbon intensity fuels. The Minister also announced the federal government’s intention to work with public and private leaders to advance the development and responsible deployment of CDR solutions in Canada.
 
The Minister made the announcements at Carbon Removal Canada’s “Procuring with Purpose: Canada’s Opportunity to Shape the Carbon Removal Market” report launch event. The report seeks to recommend design elements to help maximize the positive impact of CDRs in Canada.


For further information or to discuss the contents of this bulletin, please contact Lisa DeMarco at lisa@resilientllp.com.

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